Portsmouth FC issued with HMRC winding-up petition
January 03 2012
HMRC have issued yet another winding up petition against a football club. This time Portsmouth (PORTSMOUTH FOOTBALL CLUB (2010) LIMITED) have been issued with a winding-up petition over unpaid tax and will appear at the Companies Court on 20 February.
“Ensuring tax is paid on time should be at the centre of a football club’s business strategy just as it should be for any other enterprise,” said a HMRC spokesman. “It is only fair to those clubs and to other taxpayers who do meet their obligations that HMRC enforces payment of tax debts owed – and if need be, issues a winding up petition or seeks to appoint an administrator.”
In a statement issued on Tuesday, Portsmouth said the winding-up order was the result of the failure of owners CSI to provide promised funding to support the club financially from November to January.
“One of the reasons for this is that the administrator has not generated expected funds from the sale of other CSI businesses that might have assisted the club’s position,” the statement said. “We still have a significant number of parties interested in acquiring the club who are actively pursuing their respective interests,” it added. “We therefore remain positive that a solution will be found before some of these difficult choices have to be made.”
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