Portsmouth face another points loss
Saturday 18 February 2012
Portsmouth have entered administration for the second time in three seasons.
The Championship club face being penalised at least 10 points, but could be docked up to 20. They are currently in 18th place, 11 points above bottom-placed Doncaster Rovers.
Pompey had been issued with a winding-up petition by HM Revenue and Customs on 3 January, which was followed by the freezing of the club's bank accounts. The administrator will be Trevor Birch of PKF, a firm with a track record of dealing with clubs in administration.
The club had asked the court to appoint Andrew Andronikou, who oversaw the club's last administration two years ago and is currently handling the same process with Pompey's parent company. But in a statement, HMRC said it was concerned about a possible conflict of interest had Andronikou been appointed. The administration order enables Pompey to access their bank accounts and continue trading while Birch, who was proposed as administrator by HMRC, looks for new owners.
The HMRC statement added that it "is pleased that the court agreed with our view that the creditors of any business have a right to expect that the administrator in these circumstances is completely independent".
Mr Birch said he hoped the club's supporters would also be happy to see a new face in charge. "The intention is to try and sell the club as a going concern," he said. "I'm used to dealing with clubs in crisis. You could say most of the Championship is in crisis, with 30 per cent per cent of clubs paying wages in excess of 100 per cent of their turnover."
During the hearing at the High Court, it was revealed that Portsmouth currently owe around £2m to business creditors, as well as a similar sum to HMRC in unpaid tax.
Among those creditors are West Bromwich Albion, Wolverhampton Wanderers and Bristol City, as well as the Football League itself. Portsmouth City Council is owed £78,000. It also emerged that electricity and gas suppliers have been threatening to cut off power to the club's Fratton Park stadium for non-payment.
Meanwhile, the former Portsmouth chairman Milan Mandaric says he has "no interest" in becoming involved with Rangers. The Serb was responding to reports that he had contacted the Glasgow club's administrators, Duff and Phelps, about a possible takeover.
"I can categorically deny there is any substance to these stories," he said. "I have never had any dialogue [with] anyone relating to Rangers.
"Glasgow Rangers is a huge football club with a great heritage and history, but I already have that here at Sheffield Wednesday."
Latest in Sport
Laura Trott and Jason Kenny announce engagement
Jose Mourinho says Chelsea deserve to be setting pace going into Christmas fixtures
Manchester United vs Newcastle United preview: Alan Pardew targets rare Old Trafford win to halt Newcastle slump
Sir Alex Ferguson on Jose Mourinho: 'He's good looking, speaks five languages, wins everything - it's unfair'
Arsenal vs QPR: Leroy Fer seeks perfect present for Boxing Day
- 1 PlayStation and Xbox hacked by Lizard Squad
- 2 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 4 Vagina canoe artist defends herself over ‘obscenity’ charges
- 5 The Queen’s speech 2014: Recap and Twitter reaction to Game of Thrones reference
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader