Portsmouth FC scores High Court victory
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Sheffield City Trust
£22,000
Sheffield, UK
Everyone Active
Competitive
South Oxhey Leisure Centre, Watford
Plymouth Marjon University
Grade 2, £16,735 - £17,361
Plymouth, UK
Everyone Active Stadium
Competitive
Bristol South Swimming Pool, Bedminster, UK
Y Club
£30,000
Manchester, UK

Portsmouth FC scores High Court victory

Job opportunities
CVLIFE
£28,000 - £33,000 (depending on experience)
location: Coventry, UK
City University of London
£25,941 to £29,176
location: CitySport, London, United Kingdom
Haringey Council
£37,722 - £40,869
location: Haringey, London, UK
more jobs

Portsmouth Football Club (PFC) has successfully seen off a legal challenge from HM Revenue and Customs' (HMRC) over the club's planned Company Voluntary Agreement (CVA).

HMRC sought to block the agreement after claiming that it is owed £37m by the npower Championship club, which would be enough for it to overturn a decision by creditors to accept an offer of 20p in every pound owed. However, Mr Justice Mann ruled in favour of PFC at London's High Court on 5 August, which will now allow the CVA to proceed and help the club to exit administration. HMRC said it would not appeal the decision.

PFC chief executive David Lampitt said: "We will wait to see the detailed findings. However, it's obviously a massive step forward in the process towards getting the club back on its feet. "The result is a huge relief to the staff here whose loyalty has been unswerving and whose hard work has held the club together."

A HMRC spokesperson added: "HMRC is naturally disappointed not to have won this appeal, however, we can confirm that we do not intend to appeal further. "Our aim when pursuing debt of any kind is to achieve a fair outcome for the taxpayer and we will take this forward in the wider context of the football industry through the separate and outstanding legal proceedings over the status of the Football Creditors Rule."

Meanwhile, speculation is ongoing over the identities of potential bidders for Liverpool Football Club (LFC), with China-based businessman Kenny Huang denying reports he is looking to acquire the club. Huang issued a statement earlier this week refuting claims he had made a formal bid. Meanwhile, reports that Huang is being backed by state-owned China Investment Corporation have also been denied.

A CIC source told the Financial Times that the corporation would not be interested in "such a high-profile, symbolic and potentially risky deal". Image: Ben Hardinge/Flickr

Sign up for FREE ezines & magazines
Portsmouth Football Club (PFC) has successfully seen off a legal challenge from HM Revenue and Customs' (HMRC) over the club's planned Company Voluntary Agreement (CVA).
SAR
260210-portsmouth.jpg

More News

1 - 15 of 43,324
19 Jun 2021
Plans have been revealed to build the world's deepest pool in Cornwall, UK, which would house facilities serving the spaceflight, sports science and healthcare communities. ... More
18 Jun 2021
People with depression should be prescribed exercise and then monitored for the first 12 weeks of their regime – similar to the way physical therapy ... More
17 Jun 2021
Kew Gardens has established a "living laboratory" at its wild botanic garden at Wakehurst, UK. The move is part of a research project to explore ... More
17 Jun 2021
Frequent strenuous exercise increases the risk of developing motor neurone disease (MND) in people with certain genetic profiles. Over recent years, a number of high-profile ... More
16 Jun 2021
Discount rail and bus travel and £10m in vouchers to key attractions – funded by the National Lottery – are among the measures announced in ... More
16 Jun 2021
The UK government has extended the ban on commercial evictions until 25 March 2022. Announcing the move today (15 June), chief secretary to the Treasury, ... More
JP Lennard
JP Lennard
15 Jun 2021
Operating a further four weeks at reduced capacity will place serious pressure on English fitness facilities – if the government doesn't urgently provide additional financial ... More
15 Jun 2021
People experiencing homelessness are being offered free access to leisure centres by Oxford City Council. A scheme launched this month (June 2021) will see the ... More
15 Jun 2021
IHRSA has appointed Elizabeth Clark as its new president and CEO. Clark joins the industry body from the National Confectioners Association (NCA) – the trade ... More
15 Jun 2021
Buro Happold, has acquired acoustics and audio-visual consultancy Vanguardia Limited and its subsidiary Crowd Dynamics International. The move will strengthen Buro Happold’s depth of expertise ... More
15 Jun 2021
Boutique studio operator TRIB3 has launched its own-brand range of luxury toiletries. The operator, which recently entered the Benelux market by signing a 20-site franchise ... More
15 Jun 2021
Rainer Schaller's RSG Group is bringing its John Reed brand of health clubs to the UK for the first time. Set to open in London's ... More
Spa Life UK
Spa Life UK
11 Jun 2021
The government needs to urgently set out its plans to support physical activity and fitness businesses, if it intends to delay Step 4 of its ... More
11 Jun 2021
Glofox will begin offering health clubs, gyms and fitness studios instant access to financing, following a deal struck with Stripe Capital. The club management software ... More
10 Jun 2021
Hong Kong-based Bricks Group has revealed plans to launch its health club chain, U Time, in Europe and the UK. U Time currently operates a ... More
1 - 15 of 43,324
JP Lennard
JP Lennard