Portsmouth successfully see off HMRC

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Portsmouth have won their High Court case against HM Revenue and Customs to move one step closer to exiting administration.

However, HMRC is expected to launch an appeal against the decision which would be head by a Court of Appeal on Friday.

If HMRC don't appeal, or are unsuccessful in an appeal, then Pompey will exit administration via the CVA that will see all unsecured creditors paid 20p in every pound owed.

That would mean Steve Cotterill's side would start their Championship campaign on Saturday with no points penalty, provided an owner who passes the fit and proper persons test and meets the Football League's new regulations is brought in.

HMRC claimed it was owed £37million by Portsmouth while the club's lawyers had said Pompey would face extinction if the case had been lost.

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