Court gives stay of execution for Portsmouth

Portsmouth was given a stay of execution today 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.

It now has one week to draw up a statement of its financial affairs.

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