Lampitt hopes for quick resolution

Published Add your comment

Portsmouth chief executive David Lampitt is hopeful the club will soon find out if they can exit administration prior to the start of the 2010/11 npower Championship campaign.

Her Majesty's Revenue and Customs lodged papers in the High Court on Monday to appeal the Company Voluntary Agreement with Portsmouth, which could prevent the club exiting administration. The CVA, which was approved last month, would see Pompey repay unsecured creditors 20p in the pound but HMRC appealed against that decision.

Under Football League rules the club will stay in administration and under a transfer embargo until an appeal is heard, but a court has since ruled to speed up HMRC's appeal so an outcome should be reached sooner than originally expected.

Lampitt told BBC Radio Solent: "We've been in court in London this morning seeking an expedited process. That means we should have the hearing before the start of the season."

He added: "Therefore we should have some certainty on the outcomes prior to the start of the season. I'm yet to hear about the date for that hearing, but we should know within the next 24 hours."

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:


Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again