Home › Premiership News

Chainrai opens talks to settle Portsmouth tax debts

Submitted by tribalfootball.com on Tue, 02/09/2010 - 03:10

Portsmouth are hopeful of settling their tax debts.

The Daily Mail says Portsmouth were locked in talks on Monday night to reach a deal over their £7.5million tax debt in a last effort to save the club from administration.

The Barclays Premier League’s bottom club are due in the High Court in London on Wednesday to face a winding-up order from HM Revenue and Customs after failing on Monday morning to get the case postponed.

But instead Pompey’s latest owner Balram Chainrai opened negotiations to reach a settlement on the bill which relates to VAT on transfer dealings.

Club spokesman Gary Double confirmed: "We have started discussing a settlement and those talks will go on all day if necessary to reach a solution."

Read more:

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Filtered words will be replaced with the filtered version of the word.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <i> <b> <a> <p> <br> <dd> <blockquote> <q>
  • Lines and paragraphs break automatically.
  • Glossary terms will be automatically marked with links to their descriptions. If there are certain phrases or sections of text that should be excluded from glossary marking and linking, use the special markup, [no-glossary] ... [/no-glossary]. Additionally, these HTML elements will not be scanned: a, abbr, acronym, code, pre.

More information about formatting options