Portsmouth given stay of execution

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Portsmouth were given a stay of execution on Wednesday as bosses were granted extra time to fight a winding-up petition.

The club faced High Court proceedings over a multimillion-pound unpaid tax bill after talks with Revenue and Customs failed.

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They now have one week to draw up a statement of their financial affairs.

Chief executive Peter Storrie has said Pompey are hopeful of finding a new owner - which would be their fifth this season - and the bill could then be paid.

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