Portsmouth FC have tonight announced they are on the brink of being closed down.

The UK taxman today lost a bid to block proposals to help cash-strapped Portsmouth out of administration.

Portsmouth's creditors have voted overwhelmingly in favour of a deal which should see the club exit administration.

Avram Grant is crossing his fingers another battling Portsmouth performance in yesterday's FA Cup final can unearth a buyer willing to take on the cash-strapped club.

Portsmouth's debt crisis is not as deep as previously thought, a report in today's Guardian has revealed.

Portsmouth will have more than two-thirds of their debts written off after a deal with creditors was thrashed out today but have been hit with a further £17m claim from the taxman.

Portsmouth’s debts have increased to £138m, it has emerged.

Portsmouth’s administrators have revealed the extraordinary level of the club’s debts.

Portsmouth boss Avram Grant looks set to be without striker Aruna Dindane for their Barclays Premier League trip to Wigan tomorrow night.

Harry Redknapp is adamant his transfer dealings as Portsmouth manager are not to blame for the club’s current financial problems.

Portsmouth boss Avram Grant has just 13 fit first-team players going into his side’s Premier League clash with Blackburn at Fratton Park tomorrow.

Portsmouth boss Avram Grant is without striker Aruna Dindane for his side’s home clash with Premier League title-chasers Chelsea tomorrow.

Portsmouth have today been fined by the Premier League after breaching a series of rules and regulations this season.

The Premier League are set to confirm a nine-point deduction for Portsmouth tomorrow as the club’s administrator today revealed that talks with a takeover consortium have yet to lead to any proof of funds being produced.

Portsmouth will return to the high court tomorrow where Her Majesty’s Revenue and Customs will officially accept their move into administration.

Portsmouth’s hopes of survival were today given a major boost when Her Majesty’s Revenue and Customs accepted the club’s move into administration.

Hong Kong businessman Balram Chainrai, who took control of Portsmouth after the club defaulted on loans from him, insists he will get his money back.

Portsmouth expect to be told today that Her Majesty’s Revenue and Customs accept the club have entered administration legitimately.

Portsmouth will be without the suspended Ricardo Rocha for their FA Cup quarter-final against Birmingham at Fratton Park tomorrow.

A British High Court judge today ordered a hearing into whether the administration keeping Portsmouth afloat as a Premier League team was validly appointed.

The Premier League will await the outcome of Portsmouth’s High Court appearance later today before considering the stricken club’s future.

Portsmouth administrator Andrew Andronikou insists every aspect of the ailing club's finances will be "reviewed and scrutinised" - but has promised supporters he will save the south coast side.

Portsmouth owner Balram Chainrai has been told at a meeting with Premier League chiefs that they cannot bail out the financially-stricken club.