Pompey enter administration

Date: 26th February 2010 at 11:20 am
Written by FFC News Desk

Portsmouth's relegation to the Championship has all but been confirmed after the Premier League's bottom club confirmed that they have gone into administration.

Pompey, who are believed to have debts of approximately £60million, will have nine points deducted which will leave them 17 points away from safety with only 12 games of the campaign remaining.

The club were due to face a winding-up order on 1 March but have decided to enter administration after being unable to attract a new buyer.

It had been reported that four parties were considering a takeover but Thursday's deadline passed without a conclusion.

Administrator Andrew Andronikou, of insolvency experts UHY Hacker Young, have been appointed to run the club's affairs.

Players have been paid late on four occasions this season, while the club is also involved in a dispute with former owner Sacha Gaydamak. They are also being sued by former defender Sol Campbell for £1.7million in unpaid image rights.

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