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Portsmouth face winding-up order

Portsmouth face winding-up order
© PA Photos
Portsmouth's administrator reveals that the club is facing a winding-up order from HMRC.

The administrator of Portsmouth has revealed that the club is facing a winding-up order from Her Majesty's Revenue and Customs.

Pompey have had several financial problems and issues regarding the ownership of the club over the last few years.

Now Andrew Andronikou, the administrator of Portsmouth's parent company Convers Sports Initiatives admits that the situation is "extremely serious".

"The club effectively ran out of cash at the end of December," he told The Observer.

"We're under extreme pressure to find a buyer and time is against us.

"We need to focus on finding a buyer to completing a transaction to raise cash. In terms of working capital and cash it's only going to come from two sources: a buyer or player sales. We're working on both."

The South Coast outfit are currently 17th in the Championship table.

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TeamPWDLFAGDPTS
1 462781180384289
2 462691183463787
3 4623111260372380
4 462017970422877
5 4622111369501977
6 462281677562174
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9 461912154646069
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11 461813156368-567
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13 461811176462265
14 46197206367-464
15 461612184946360
16 461512196173-1257
17 461315185057-754
18 461411215380-2753
19 461215195470-1651
20 46139245477-2348
21 461114216178-1747
22 461112234167-2645
23 46134295589-3443
24 46108284070-3038

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