There appear to be a number of people not listening or paying attention at all.....
bbcsport said:
So Portsmouth face a High Court winding-up hearing at 1130 GMT which could result in the club's liquidation, or the club entering administration
Right. So, in 15 minutes the hearing.
If the club cannot appease HMRC in paying up what they owe (they will accept a down payment and a payment plan as I've experience with a number of companies trying to avoid admin at the moment and owe the revenue money....)
then the judge..remember the judge will decide if he feels it is in the best interest to wind down Pompey. I can't see it.
He will allow them to go into administration. Which isn't necessarily a bad thing for them. In admin the big creditors get 'burnt off', but it is of course the administrators who have to run the company, either run it as a going concern, find a buyer, run it into the ground, sell things off to recover debts, etc etc.
HMRC are causing all manner of bother at the moment, it's merely scaremongering, if they make an example of one company they think that they will frighten everyone else into paying up their tax bills.
They don't win and the public purse doesn't win, so it's not in anyone's interest for them to be doggedly pursuing companies like this.