Premier League chief executive Peter Scudamore has criticised Portsmouth's various recent owners for the financial strife they find themselves in.
The south coast club are reportedly in debt to the tune of £120million and they have the unenviable tag of being the first top-flight club to have entered administration.
With relegation to the Championship confirmed, Scudamore has twisted the knife in their wounds, suggesting they have been punished for overspending.
Speaking to reporters, Scudamore said:"You cannot link the distribution of income to Portsmouth's woes. I'm on record as saying in January that if a club, while in the Premier League, went into administration it would be down to bad management at the club. And it is.
"You can't say it's the way we distribute our money that's caused Portsmouth's problems."
Scudamore has also highlighted the fact that the 20 Premier League clubs receive an equal share of overseas television rights which should have gone a long way to help the club avoid the situation they are in.
"It is one of the great balancers of our league. All the money is distributed evenly, so Wigan and Burnley this season will have earned as much international television exposure as Manchester United and Arsenal," he added.
"That's an important redistribution mechanism and that's what stands us out from the other leagues in Europe, particularly the Spanish.
"Domestic money is not given out evenly – it is given out more on merit. Therefore, the most successful clubs get the most money."