Championship Strugglers Portsmouth Officially Enter Administration
February 17, 2012
and helvetica, sans-serif;”>It has been officially confirmed that Portsmouth F.C have gone into administration for the second time in as many years.
A High Court hearing today decided the fate of the south-coast club after HM Revenue and Customs issued them with a winding-up petition on 3 January.
HMRC wanted the Championship club wound up over a tax bill of £1.6million that is yet to be paid.
With Portsmouth’s financial security extremely precarious following the latest news, they will also have to contend with a 10-point deduction from the Football League, which will leave them in 21st place in the table just above the drop zone.
A statement on the clubs official website read: “Portsmouth Football Club was today placed in administration at a hearing at the High Court in London” before going to say: “Trevor Birch, of accountants and business advisors PKF, has been appointed administrator to the club.”
In February 2010 Portsmouth became the first Premier League club to enter administration and were deducted nine points, condemning them to relegation and they now face another fight to avoid dropping out of the Championship.
By Marc Sibbons