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Portsmouth bank accounts frozen over tax

Portsmouth say their bank accounts have been frozen following the winding-up petition issued by HM Revenue & Customs.

Andrew Andronikou, the administrator of the Championship club's parent company, Convers Sports Initiatives, revealed last week they owe £1.6m in unpaid tax.

However, Pompey are confident their accounts will be reactivated in the coming days.

A club statement read: "The club's bank accounts have been frozen, which is the normal process. The club is now seeking a validation order from the court in order to have its bank accounts unfrozen so that staff wages and suppliers can be paid."

Belfast Telegraph


From Belfast Telegraph