Englander Posted October 22, 2010 Share Posted October 22, 2010 http://news.sky.com/skynews/Home/UK-News/Portsmouth-Football-Club-Adminstrators-Set-To-Close-It-Down-And-Liquidate-Club/Article/201010415768604?lpos=UK_News_Carousel_Region_1&lid=ARTICLE_15768604_Portsmouth_Football_Club:_Adminstrators_Set_To_Close_It_Down_And_Liquidate_Club Administrators for Portsmouth FC are set to close down and liquidate the club. The club has issued a statement saying it faced going out of business unless a deal with former owner and creditor Alexandre Gaydamak and prospective buyer Balram Chainrai can be struck. But this has been described as "impossible" in the statement. Portsmouth were delegated from the Barclays Premier League amid financial strife last season, during which they were docked nine points for falling into administration. The club remains in administration. It was revealed in April that Portsmouth owed a combined total of £38.2million to previous owners including Gaydamak and Sulaiman al Fahim, out of a total debt of £119million. Link to comment Share on other sites More sharing options...
Englander Posted October 22, 2010 Author Share Posted October 22, 2010 Thats a fcuken tragedy. Link to comment Share on other sites More sharing options...
longstebe Posted October 23, 2010 Share Posted October 23, 2010 Got to feel sad for the fans. Link to comment Share on other sites More sharing options...
aitch52 Posted October 27, 2010 Share Posted October 27, 2010 What a disaster, Play up Pompey, here's hoping common sense will prevail from these leeches, I wonder if was the pwners that took out the loans on behalf of the club B*tds Link to comment Share on other sites More sharing options...
phaethon Posted October 27, 2010 Share Posted October 27, 2010 Imagine my disappointment to find this only applies to the football club... Link to comment Share on other sites More sharing options...
MSingh Posted October 29, 2010 Share Posted October 29, 2010 Could very easily have been us.. Link to comment Share on other sites More sharing options...
alant Posted October 29, 2010 Share Posted October 29, 2010 news is now ok for pompey Link to comment Share on other sites More sharing options...
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