Portsmouth's hopes of survival were given a major boost when Her Majesty's Revenue and Customs accepted the club's move into administration.
Pompey escaped being wound up after HMRC abandoned their claim that Pompey owner Balram Chainrai did not have the legal right to put the club into administration.
A spokesman for the club told Press Association Sport: "The Revenue has accepted the administration is valid."
Portsmouth now face a nine-point deduction from the Barclays Premier League for entering into administration.
Copyright (c) PA Sport 2009, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms