Portsmouth are closer to administration
http://news.bbc.co.uk/1/hi/business/8468078.stm
Quote:
Originally Posted by BBC
Portsmouth FC could become the first Premier League club to go into administration after failing to block a petition from HM Revenue & Customs.
HMRC had applied for a winding-up petition against Portsmouth on 23 December but the club argued that the VAT part of its tax bill was too high.
However, a High Court judge dismissed Portsmouth's claim and the hearing is expected to go ahead on 10 February.
The outcome could send Portsmouth a step closer to administration.
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