Tue, 24 Jan 2012 | BUSINESS SALE
Portsmouth FC is due to be issued with a winding-up petition by HM Revenue and Customs over two unpaid tax bills to a total of £1.6 million.
The club is seeking a new owner after its parent Convers Sports Initiatives (CSI) was placed into administration in November last year. At the time of entering administration, Vladimir Antonov, the owner of CSI, resigned as the chairman and director of Portsmouth with immediate effect.
The club now requires fresh investment just to pay its regular operational costs.
David Lampitt, Portsmouth’s chief executive commented on the situation to the BBC, “The club does not have the funding that would have been there if our previous owner had been in place. It has been a difficult two months to balance the financial position of the football club.
“We are in a difficult position and will remain in a difficult position until the ownership is sorted.”
Joseph Cala, an Italian businessman, turned away from a deal to purchase the club last week.
There are other potential buyers, and CSI’s administrator Andrew Andronikou said on Friday that he wants to secure a deal for the club within the next seven days.
A buyer will be expected to come up with £12 million as proof of available funds, and the ability to pay a further £20 million in debt repayments to creditors Balram Chainrai and Alexandre Gaydamak.
A prominent manufacturer of personal care and related products wants to sell a group of well-known brands in its’ extensive portfolio.
This well established convenience and off licence store branded as a Premier and incorporates a high specification refit completed early 2023 and well merchandised trading area. The shop is fully equipped for the sale of all general convenience goods...
LEASEHOLD
Located within Linthorpe, a popular residential suburb of Middlesbrough in North Yorkshire in the North East of England. The business is prominently situated on the main road and easily accessible via local transport links with close proximity to the...
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.