Pompey deny tax talks stall

Cash-strapped club remain defiant over beating winding-up order

By Elliot Ball   Last updated: 9th February 2010   Subscribe to RSS Feed

Pompey deny tax talks stall

Portsmouth: Claim talks are ongoing

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Portsmouth sources insist talks between the club and the Inland Revenue are still ongoing, according to Sky Sports News.

News broke earlier on Tuesday that Pompey's bid to halt a winding-up order from HMRC had stalled.

But a spokesperson for the Premier League outfit has assured fans that they are hopeful of coming to an agreement before Wednesday's deadline.

The South Coast strugglers owe the tax authorities a figure in the region of £7.5million but they have been striving to come to a compromise - believed to be a lump sum of £1.8million.

A compromise needs to be reached before Wednesday's high court meeting - where the threat of administration or liquidation is at large for the Premier League's basement team.

Pompey still have limited revenue despite selling Younes Kaboul and Asmir Begovic during the January transfer window but they have begun to restructure their debt to pay back to owed parties in the coming months after Balram Chainrai's recent appointment as temporary owner.

Meanwhile, Pompey chief executive Peter Storrie is confident the club's future can be resolved in the near future.

He added in his programme notes ahead of the Premier League clash against Sunderland: "I already have more than one interested party and am hopeful that we can finally find owners who have the best interests of everyone at the club at heart in order to move us forward."