Portsmouth now appear to be treading on very thin ice, although there is still a glimmer of hope that they may survive.
Pompey were granted just seven days to prove they will be able to make a payment schedule for the HMRC to prove the ability to pay their debts.
According to the BBC: Court registrar Christine Derrett said she feared the company would continue to trade and build up more debts that would not be paid.
"I am very concerned about the financial status of this company," she said. "It seems to me there's a very real risk that this company is undoubtedly trading while it is insolvent.
"I'm obviously conscious that, by making a winding-up order, it would have very severe consequences not only for the company as a business but for the supporters themselves, but that's not a consideration that I strictly take into account."
It also seems the situation is even worse than many feared, with the club not only owing the estimated £7m in VAT, but a further £4.7m in PAYE and National Insurance, which was not included in this process.However, both Cardiff City and Southend United are able to breath a bit easier, having earned a 28-day reprieve to get their financial affairs in order, or at least get in a place to pay their tax bills.
It seems the payments these clubs have either made or are set ot make in the near future has at least kept the wolf from the door for the time being.
I guess we'll have to wait another seven or 28 days to get the final decisions in this long running saga.
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