HMRC accept Portsmouth 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.

Pompey escaped being wound up after HMRC abandoned their claim that Pompey owner Balram Chainrai did not have the legal right to put the club into administration.

A spokesman for the club told Press Association Sport: "The Revenue has accepted the administration is valid."

Portsmouth now face a nine-point deduction from the Barclays Premier League for entering into administration.