From the Press box

Nicole Carroll: A one woman mission to make a name in football

Portsmouth avoid being wound up…again

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Today it’s been announced that the HMRC will no longer be objecting to Portsmouths administration. The club owe them £15 million, but they have dropped claims that latest owner, Balram Chanrai, did not have the legal right to place the club into administration.

This follows yesterdays news that 85 of the 320 staff at Portsmouth will be made redundant.

Obviously Portsmouth fans will be happy that the imminent threat of being shut down is over for the minute. The situation is still terribly bleak. Massive debt engulfs the club and no new buyer seems to be in sight. The club seem destined to be relegated, and there will be a fire sale of the squad at the end of the season whatever happens.

The saga is nothing but a long, drawn out nightmare for any Portsmouth fan, and even seemingly good news seems to sharpen the focus on the inevitable poor future of the club.

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Written by Nicole Carroll

March 11, 2010 at 4:29 pm

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