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Pompey Winding Up Order Confirmed as Talks Continue
Pompey Winding Up Order Confirmed as Talks Continue
Tuesday, 24th Jan 2012 17:03

Portsmouth were this afternoon officially issued with the winding up petition relating to £1.6 million in PAYE not paid to HMRC. Speaking at the weekend, Andrew Andronikou, joint-administrator for Pompey’s parent company Convers Sports Initiatives, said the situation could lead to player sales with the Blues having made two unsuccessful bids for Joel Ward (pictured) and Jason Pearce over the last 10 days.

We understand that talks have continued between the two clubs since the second bid — believed to be £1.6 million - was turned down yesterday and an increased offer is likely. Leicester continue to be linked with the duo, or in one report today just central defender Pearce.

The winding up petition means Pompey’s other creditors will now make contact with HMRC’s solicitors and will join them in going to court to ask for payment with a hearing set for February 20th.

Speaking to the Portsmouth News at the weekend, Andronikou, who continues to search for a new owner for the club after last week’s proposed takeover broke down, said the current situation isn’t likely to see Pompey go into administration: “Administration is not on the cards and it is the last thing we would consider. I can say that the club has not got significant debts, it has significant cash flow issues.”

HMRC said in a statement: “Ensuring tax is paid on time should be at the centre of a football club’s business strategy, just as it should be for any other enterprise.

“Any business that regards paying tax as an optional extra after other expenses are met, or that uses tax collected from employees or customers as working capital, is potentially heading for trouble.

“It is only fair to those clubs and to other taxpayers who do meet their obligations that HMRC enforces payment of tax debts owed — and if need be, issues a winding up petition or seeks to appoint an administrator.

“There is little HMRC can do for a business - be it a football club or not - whose viability is dependent either on not paying the UK taxes to which they are liable, or on special treatment not available to other customers with similar tax affairs.”

Portsmouth have issued a lengthy statement outlining their current position.


Photo: Action Images



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WeirdFishes added 17:13 - Jan 24
I swear Leicesters mission statement must be "Steal all ITFC signings"
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pazelle added 17:16 - Jan 24
Whatever Leicester do, We should make sure that St Ledger will sign on the terms previously agreed if we miss out here. Then we will definitely have one centreback through the door by the 31st.
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parkinshair added 17:17 - Jan 24
I agree with that. Leicester must have squad numbers going into triple figures by now.
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smithy91 added 17:18 - Jan 24
Oh f@@k off leicester! Like they even need a rb and cb. And come on clegg, get a bid in they.cant resist and stop haggling, havent got enough.time to faf about cos other teams will snap them up as so constantly happens!!
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Stato added 17:22 - Jan 24
These boys are more likely to get first team action at PR than at Leicester
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MarkITFC added 17:23 - Jan 24
Lets offer 2 mill which is still a very good deal for both us and them .

Oh and F**k OFF Leicester ! you cant sign everyone ffs ! They have 3 decent CBs which i can think of already .. If they do beat us to Perace then surely they wont want St ledger as well ?
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irishtim added 17:29 - Jan 24
Still hope portsmouth survive as a club. No matter what we think of them there is alot of families business depending on having a local footie club. Yes to their two players. No to extension.
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captaincrunch added 17:35 - Jan 24
apparently we are just bidding for pearce now. also we could be getting michael owen!
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smithy91 added 17:37 - Jan 24
@captaincrunch- where on earth did you here that lol
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captaincrunch added 17:49 - Jan 24
its on vitalfootball right now. no doubt it will appear here shortly.
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RetroBlue added 17:52 - Jan 24
So now its "official" ref Pompey winding up order. Let the vultures descend on their Club(I feel for their loyal fans). However I suspect having been at the front of the queue, Town will now have lost the initiative in trying to secure the signatures of the two players. Although our league position and likely relegation will have played a significant part in the players decision not join ITFC!

Town must look to secure 2 CB's and a RB from the lower league Clubs. We will be unlikely to get a Championship player tp agree to join us now!
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BlueITFC added 17:53 - Jan 24
Really need to get these players, defence needs sorting out. Need to give them an offer they cant refuse before Leicester take the players again because they will give them a reasonable offer and get them.
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walberswick added 17:58 - Jan 24
Let them go to the wall. See how desperate they are when they're bankrupt and out of the Championship.
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brendenward35 added 18:07 - Jan 24
Think the Owen bit is a wind up by someone especially the bit about Marcus Evans being pally through racehorse connections.
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StowTractorBoy added 18:14 - Jan 24
Be careful what you wish for Walberswick Pompey have beat most of the teams around us in the table but lost to us. Two would then go down we would lose our three points and the others around us will gain 3 that would leave us in a very precarious position. I really hope they survive for the fans sake but administration will cost them dearly as the penalty could be doubled having gone into administration in 2010. The only hope for them is a buyer and quick. We really must try hard to get these players they could be our saviour. On St. Ledger the commentator on Sky last night said the player could not agree terms with us despite a fee being agreed.
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fourth added 18:20 - Jan 24
Receivership is about Cash on the Table.

Put up to £1m for yr 2 players payable immediately with 5 days to agree.
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radiohead added 18:27 - Jan 24
Over here in Ireland the word ``on the street'' is that Michael Owen of Manchester United is on his way to Ipswich Town. He is a friend of Paul Jewell and Marcus Evans. Any news over there folks ?
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righty added 18:29 - Jan 24
The signings would be ok just remember we had Stockdale England GK,
Danny Collins Prem player and Andrews Prem player we were still awful what makes people think these 2 are going to make a difference we still got the same manager JEWELL OUT
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RetroBlue added 18:31 - Jan 24
Even if the Owen story were true (which I doubt), its not want we NEED.

We NEED X2 CB's and a RB ffs !!
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BasingstokeBranch added 18:34 - Jan 24
@StowTractorBoy - "we would lose our three points and the others around us will gain 3".

How did you work that out?? What nonsense!
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itfchorry added 18:39 - Jan 24
Saw Michael Owen in ASDA today !!
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StowTractorBoy added 18:41 - Jan 24
sorry cromford you are correct we will just lose 3
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brendenward35 added 18:42 - Jan 24
Saw Michael Owens horsebox on the A14 head towards Asda Ipswich must be going to tea with Mr Jewell his mate lol
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scooterblue added 18:58 - Jan 24
Get them now. Leicester are likely to be linked with any championship footballer with a pulse.
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StuartBrett8 added 19:02 - Jan 24
Hopefully there are other targets aside from the pompey pair, I think the Michael Owen story is funny though :)
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