Championship news

Portsmouth face points penalty if taxman appeals

July 14, 2010
By Soccernet staff
Beleaguered Portsmouth face starting the 2010-11 season with another huge points penalty with the taxman almost certain to appeal the Company Voluntary Arrangement (CVA) that was agreed last month.

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Her Majesty's Revenue and Customs (HMRC) has until Thursday evening to lodge an official appeal against the CVA which was passed on June 15. Under the terms of that CVA, 75% of the creditors agreed to 20p in the pound being repaid. That appears ...

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