Radio New Zealand - Te Reo Irirangi o Aotearoa
12 February 2012 - 3:57 pm NZ time
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Portsmouth bid to avoid being wound up
Updated at 12:37 pm on 10 February 2010
The cash-strapped football side Portsmouth are in talks with British tax authorities in a bid to avoid becoming the first English Premier League club to be wound up.
The 2008 FA cup champion has a multi million pound unpaid tax bill
after the club's previous owner defaulted on loan payments.
Portsmouth chief executive Peter Storrie says he's close to finding a new owner to invest in the club that is currently at the bottom of the points table.
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