Portsmouth could exit administration soon

Soccer Betting Lines

03/16/2010 - Portsmouth, England (Sportsbook Betting Lines) - Portsmouth's administrator, Andrew Andronikou, believes the troubled club could come out of administration within eight weeks.

Andronikou has revealed his hopes for a swift a takeover at Fratton Park shortly after the High Court suspended a winding-up order which threatened the club's existence.

HM Revenue and Customs had challenged the validity of Pompey's move into administration last month and also questioned the independence of Andronikou.

"The hearing occurred and the administration continues as normal," Andronikou said. "The cloud has been lifted. We had to go to court as a reference point but the administration has now been rubber-stamped."

Asked how long it would be until the south coast club might exit administration, he replied: "I think that will be in six to eight weeks."

London-based property tycoon Rob Lloyd is the latest name to be linked with a potential buyout of the crisis-torn club.

(Courtesy of sportbox.tv)

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