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  • Mitre June 17

Portsmouth face Peterborough as crisis deepens

Football News 24/7
Crisis club Portsmouth travel to Peterbrough for one of only two Championship games on saturday. Boss Michael Appleton has desperately kept hold of his best players so far but with less than four days of the transfer window left the chances are players will leave as the club tries to balance the books.

Last week HMRC  confirmed it had issued a winding-up order against Portsmouth Football Club following an unpaid tax bill of around £1.8 million.

In an official statement from Pompey, they said that the hearing for the winding-up petition will take place on Monday, February 20th. The statement was released last week to clarify certain aspects of the club's current situation now that the information is in the public domain.

It transpired that that the club had failed to pay its last two tax bills after parent company CSI being unable to fund the club after going into administration.

Players like Joel Ward, Jason Pearce and Stephen Henderson amongst others are attracting interest as scouts flock to London Road.

On top of the HMRC  secured creditors such as Balram Chainrai and Sacha Gaydamak have to be kept on side if the club is not to fall into administration and receive another ten point penalty as they did in the Premier League.

It looks like more tough times ahead for Pompey fans and things aren't made any clearer with the likes of Italian businessman Jospeh Cala who claimed on local radio that he still wants to buy Pompey despite pulling out of a proposed deal over a week ago.

Unless he has found a group of extremely wealthy backers to stump up the £12 million needed as proof of funds by the Football League, as well as the £20 million extra to pay off creditors and keep the club running, then it looks like a red herring.

These are worrying times for the club, but the picture may get a bit clearer once transfer deadline day has passed. Michael Appleton for one probably can't wait.


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