It might have been given a week-long stay of execution after the winding-up petition against it reached the High Court yesterday, but don't be surprised if Premier League club Portsmouth is tipped into administration anyway.
The owners of the club were told in court that they have a week - until 4pm on 17 February, to be precise - to file a "statement of financial affairs" proving they can clear over £12 million in tax arrears.
But according to insolvency specialist Guy Thomas from SA Law, a week may not be enough time to come with such a statement.
As such Thomas, who advised Watford FC when it faced administration last year, suggests it's "inevitable" Pompey will fall into administration.
"Given the minimum nine-point penalty that the Premier League may impose, it is highly likely that the club will prepare its finances on the basis it will be in the Championship next season," he adds.
The adjournment of Portsmouth's winding-up order was granted after the club's representatives claimed they've received two serious offers to sell the business, though a High Court registrar warned that the club might be trading while insolvent. 
This is an opportunity to acquire the shares, business and/or assets of an electrophoretic and powder coating specialist located within the North East of England. Indicative proposals, supported by proof of funding, are accepted by no later than 4pm...
This unique holiday accommodation business offers distinctive, design-led stays on over 15 acres of private land, complete with exceptional amenities and a residential property. With a strong occupancy rate of over 90% and excellent guest reviews, it...
FREEHOLD
This exceptional opportunity allows you to acquire a leading UK business in pneumatic tube systems for healthcare, boasting exclusive distribution rights and strong client retention through multi-year service agreements.
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.