Pompey to go under ‘unless new owner found’

Pompey has six days to prove it can continue to operate with debts reported at 70 million pounds (US$105.5 million; euro79.8 million) and facing a winding-up order from the government’s Revenue and Customs authority over unpaid tax.

 

But Chainrai, the fourth owner of the Premier League club this season and only holding the position on a short-term basis, issued a statement on Tuesday saying he and fellow investors were in talks with several potential buyers.

 

Chainrai said it was unlikely a deal would be done before the March 1 court hearing and that administration, which would suspend the winding-up order but result in Portsmouth being deducted nine points, would be the only route left open.