Fratton Park side in all sorts of trouble.
Portsmouth Football Club back in administration
Portsmouth Football Club has entered administration for the second time in three seasons.
The Championship club faces being penalised at least 10 points, but could be docked as many as 20.
Portsmouth had been issued with a winding-up petition by HM Revenue and Customs on 3 January, freezing the club’s bank accounts.
SOURCE: BBC Sport
This is perhaps as predictable as it is tragic. It is no overstatement or exaggeration to suggest that the South Coast side may well be close to folding unless new investment can help turnaround fortunes at Fratton Park. Clearly investors will have less interest in a going concern that seems likely to be heading for League One.
A ten point penalty would see Pompey fall to just above the drop zone and a 20 point deduction would make staying in the Championship incredibly tough going.
Portsmouth are believed to owe around £2m to business creditor and a similar amount to the inland revenue.