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| Portsmouth faces wind up petition | Portsmouth faces wind up petition |
| (10 minutes later) | |
| Portsmouth Football Club has been issued with a winding up petition by HM Revenue & Customs, the BBC has learned. | Portsmouth Football Club has been issued with a winding up petition by HM Revenue & Customs, the BBC has learned. |
| The petition was presented on 23 December but a full court hearing will not take place until February. | The petition was presented on 23 December but a full court hearing will not take place until February. |
| If the club is unable to strengthen its financial position by then, the club could be declared bankrupt. | If the club is unable to strengthen its financial position by then, the club could be declared bankrupt. |
| Portsmouth has been the subject of much takeover speculation and has reportedly been unable to pay some player wages in recent weeks. | |
| The club currently lies bottom of the Premier League and has recently appointed ex-Chelsea manager Avram Grant to try and revive its fortunes on the pitch. | |
| Portsmouth has been the subject of takeover bids and speculation since the summer. | |
| The Dubai businessman Suleiman Al-Fahim bought the club in August, having initially agreed a deal in May. | |
| But after questions were raised about Mr Al-Fahim's finances, he then sold the club on to the Saudi property tycoon Ali Al-Faraj. | |
| Despite promises of significant investment from its new owner, the club remains in financial difficulties. | |
| Portsmouth said it would be issuing a statement shortly. |