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. 
Are you interested in stepping into a profitable venture with an established track record and minimal setup effort? This is your opportunity to own a successful rent-to-serviced accommodation business that boasts immediate profitability.
This established South West Wales vehicle rental and leasing company has built a substantial client base by offering unique ‘no credit check’ services to SMEs.
Acquire a prestigious family-owned large format printing business in Greater Manchester with a strong reputation for providing high-quality POS materials to national blue-chip clients.
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.