Pompey celebrate their biggest win of season… in the High Court

Portsmouth FC have won the most important contest it will play all season, beating the taxman and staving off the threat of liquidation. Yesterday, when Portsmouth went to the High Court they were on the brink of being thrown out of the Football League, but fortunately for them they won the case and Portsmouth Football Club is still alive.

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At the Royal Courts of Justice on London’s Fleet Street, Mr Justice Mann found in favour of the club and its administrators and ordered HMRC (Revenue and Customs) to pay £200,000 in costs. The ruling means the club can secure the Company Voluntary Agreement (CVA) it needs to exit administration. Football creditors will be paid in full but non-football creditors – such as HMRC, who are owed £24million – will only receive 20p in each £1.

Former owner Balram Chanrai is the favourite to buy them again despite HMRC’s argument that Portsmouth’s prospective new owner Balram Chainrai is not a ‘fit and proper person’, Mr Justice Mann ruled the Hong Kong businessman has offered the ‘only deal that is on the table’ and represents Portsmouth’s best chance of salvation.


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