Revenue and Customs has backed away from challenging the status of the administrator of Portsmouth. Although there will still be a High Court hearing on Monday, the administrator is now free to invite bids for the club. Anyone interested will have to pay a deposit of £5,000 to demonstrate seriousness of intent.
Revenue and Customs has backed away from challenging the status of the administrator of Portsmouth. Although there will still be a High Court hearing on Monday, the administrator is now free to invite bids for the club. Anyone interested will have to pay a deposit of £5,000 to demonstrate seriousness of intent.
85 non-playing staff have been made redundant at the club, but the salaries of these lowly paid staff would probably not add up to that of one footballer or even of the chief executive Peter Storrie despite the fact that he has taken a pay cut.
The administrator has denied rumours that Fratton Park has been sold to former owner Balram Chainrai as part of a leaseback deal and has said that it will not be sold. Any prospective purchaser would no doubt prefer to have control of the ground without any potential complications.