2 Mar 2010

\Tax chiefs to contest Portsmouth administration

11:13 am on 2 March 2010

British tax authorities are challenging the Premier League football club Portsmouth's decision to enter administration.

Portsmouth's administrator, Andrew Andronikou, says the bottom-of-the-table side will be in court tonight after Revenue and Customs challenged the move.

Andronikou says the club expects the administration to proceed althoughit means Revenue and Customs becomes an unsecured creditor.

If Portsmouth had not become the first Premier League side to enter administration last week, the 112-year-old club would almost certainly have been liquidated last night over an unpaid Value Added Tax bill of just over $16 million.