Portsmouth were given a stay of execution on Wednesday as bosses were granted extra time to fight a winding-up petition.
The club faced High Court proceedings over a multimillion-pound unpaid tax bill after talks with Revenue and Customs failed.GiveMeFootball TV Arsenal v Liverpool: Video Preview
They now have one week to draw up a statement of their financial affairs.Chief executive Peter Storrie has said Pompey are hopeful of finding a new owner - which would be their fifth this season - and the bill could then be paid.Copyright (c) PA Sport 2009, All Rights Reserved.
