The High Court has deemed that Portsmouth’s administration process is valid and the winding-up order that the club were facing has been suspended.
The club went into voluntary administration some 18 days ago in a bid to stave off the order amid the crippling financial problems that have dominated the headlines more than their poor performances on the pitch this term.
However, the club were ordered back to the High Court as it was questioned whether or not owner Balram Chainrai was legally allowed to place the club into administration.
Her Majesty's Revenue and Customs have now accepted the validity of the administration, securing the club’s immediate future, though many probalms remain.
With administration now not in question the club are set to officially have nine points deducted by the Premier League this week. They are already rock bottom and the deduction, as things stand would see them on ten points, 17 behind fourth-bottom Wolverhampton Wanderers.
Administrator Andrew Andronikou had been hoping to challenge the deduction but this week said that should the nine points not be subtracted by March 27 then the club could face a further penalty from the Football League next season, one that would see their likely start in the Championship hampered by a ten-point loss if they fail to come out of administration.
In some good news for the club who lost 4-1 at Liverpool on Monday evening, manager Avram Grant insists he is not leaving to take over at relegation rivals Hull City.
Grant was linked with the Hull job after Phil Brown was relieved of his duties on Monday, but after the Liverpool game he told ESPN: “I thought about leaving in January but I saw the supporters and said, 'No I can't do it.'
"I stayed, I'm fighting for the club and do not have any intention to give up. This club has become very important to me.
"I'd ask the new owner for some stability and I'm waiting for the day this club gets some stability."
Portsmouth face Hull at Fratton Park on Saturday.