Background to Pompey’s current problems

FORMER OWNER Vladimir Antonov
FORMER OWNER Vladimir Antonov

The weird ‘crimes’ you did not know you were committing

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POMPEY will appear at the High Court in February after HMRC issued a winding-up order over unpaid taxes.

The club’s current plight dates back to November.

Former chairman Vladimir Antonov was the subject of an international arrest warrant over an alleged £250m fraud at Lithuanian bank AB Bankas Snoras.

Mr Antonov was arrested in London on November 24 along with fellow bank shareholder Raimondas Baranauskas.

The pair appeared before an extradition hearing at Westminster Magistrates’ Court a day later and Mr Antonov was released on £75,000 bail.

Convers Sports Initiave (CSI) co-owner Roman Dubov said he was ‘trying to save the business’, but CSI, which was funding Pompey, fell into administration on November 29 and a day later Andrew Andronikou, joint-administrator, warned there was only a matter of weeks to save the club.

Mr Andronikou said on December 30 a new buyer could be place in three weeks, and American businessman Joseph Cala confirmed he was interested in taking over at Fratton Park on January 11.

Mr Cala said he was ‘95 per cent’ sure of becoming the club’s new owner, before pulling out on January 20.

On January 21, it was revealed Pompey owes £1.6m in missed tax payments to HMRC, and a winding-up petition had been presented to the club on January 3.

Pompey issued a statement on Tuesday confirming a ‘significant number’ of parties are interested in taking over.