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(Disclosure: Pearson, a part-owner of The Economist, is a joint administrator of GMAT).
"Since our appointment as administrators over two weeks ago, we have been assessing the financial position of HMV," said Nick Edwards, a joint administrator.
Nick Edwards, a joint administrator at Deloitte, said: "As part of our ongoing review of HMV's financial position, we have undertaken a further review of the store portfolio and have identified an additional 37 stores for closure.
Paul Clark, a joint administrator from Duff and Phelps, was speaking as thousands of fans packed out Ibrox in support of the troubled club.
Portpin had asked Mr Justice Sales to appoint a joint administrator, Brendan Guilfoyle, to work alongside PKF's Trevor Birch to find a new buyer for the club and fund Pompey until the end of the season.
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In a statement, Paul Clark, joint administrator with Duff & Phelps, said the allegations were untrue and a "distortion of the facts".
"What I am told today is that those parties who we are still in negotiation with who are discussing a CVA, none of those parties are coming to me and saying they haven't been able to agree a transfer," said joint administrator David Whitehouse.
The club said in a statement with joint administrator Paul Appleton: "Whilst it was agreed to commence the appeal process with regard to the 10-point deduction by the Football League, following legal advice, the decision has now been made to withdraw the appeal to avoid further delay and costs to all parties".
"This has been a complex deal involving a dozen stakeholders," said joint administrator Brendan Guilfoyle.
A statement from Rangers' joint administrator Paul Clark, of Duff & Phelps, read: "All of us working on behalf of the club are utterly shocked and dismayed by the draconian sanctions imposed on Rangers in respect of these charges.
Announcing moves to end the administration period, joint administrator Paul Clark said: "Creditors have today given their approval for the administrators to bring the administration process to an end and to place the company into liquidation.
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