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Admin again within 24-hours!?

I think that we had all pretty much come round to the idea that administration, at best, was the likely outcome for Pompey...

Appy said last weekend that he was 'braced' for this and would take on the challenges of this when it arrives.

Well, according to The Guardian this is something that will be confirmed either tonight or tomorrow morning!

Admin would see us docked at least 10pts, although at this point in time we would still be above the relegation zone and, for me, with a good chance of survival from relegation.

The only problem is I could foresee a situation where players will be loaned out with the option to buy in the summer to cut costs, therefore weakening an already threadbare squad...

The report 'claims' that the players and staff have been informed that this will happen (by this I mean admin, not the loaning of players), all - assuming The Guardian is right, as it is likely they are - that is needed is official confirmation of this.

Portsmouth to enter administration for the second time in two years - here.

1m was 'advanced' from the premier league today, apparently, although that is a drop in the ocean compared to what is needed...

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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Monday February 13 2012

Time: 4:06PM

Your Comments

Oh well nothing short of what was expected but such a shame for the club, still not sure that the FL will only issue 10 points given it being our 2nd time but I hope they do. With regards to loaning players out, at what point do we have a situation whereby we cannot fullfill fixtures and I understand therefore being kicked out the league?
bluedr
And you know who we will be sold to don't you!!!
frattonbex
... Enter Balram Chanrai .. YAWN... We'll survive .. but I predict Admin again in 2014 .. and so we go around again...
Chix
Spot Chix and if UHY Hacker get appointed as our administrators there has to be something very wrong somewhere!!!
frattonbex
playoffs maybe a little more difficult now, PUP
Super Bock 1898
hardly a shock is it, I think we're meeting this news with the same shrug that we met relegation with in 2010. I heard earlier today that the club were being advanced the parachute payments and for a while I thought that this would be used to pay the taxman and admin wouldn't be needed . . . but never mind. It seems there are a lot of other debts already, and the leccy board had been threatening to cut the power. God what a mess this club is in! At least the football's going to be exciting though . . . we can still beat relegation, and we have enough spirit in the manager, team and fans to do it. PUP.
tracyc
No surrender! We fight on!
Emsworthianblue
But Tracy, will we have enough players??
penton
It's becoming more and more difficult to see any chink of light at the end of the tunnel, not even with infra-red goggles so we the supporters, the players and staff, and our brilliant manager are the ONLY saving graces for this whole sorry business. Those fans who 'voted' that the FA Cup was worth relegation from the Prem; I wonder if they still feel the same way?
Et_tu_Pompeii
Je sus triste!
PFCblue
From the News - Pompey this afternoon formally applied to go into administration. Now they can pay some bills and wages.
PFCblue
more bad news, sonko has damaged a rib so won't be playing tomorrow
Super Bock 1898
just heard DL on express footie hour. debt total in excess of 30m with BC holding the only secured debt..so not sure where this leaves Gaydamak..I do not know how this will affect our purchase price
plymouth graham
I'm so sick of this already can AA just get off his lazy butt and start working to find a new owner or at least update us weekly on the happenings of the club! Just a little more effort would help!! This club cannot die! Pompey til i die not pompey til theyy die! PUP PPU
jsander48
Sorry it has come to this again. Hopefully it will see you finding a proper owner this time round and we can get back to discussing football which after all is what we are all supposed to be about.
SFC Forever
Whilst the club is being held to ransom by the crocked 2, we won't get out of this cycle. No monies coming in, debts building up. Over priced charge over the club & ground. No sensible person will come in & buy us at that price. At best we will have a team of kids getting slaughtered as slide into the lower leagues. There has to be a move to get BC & AG out of our lives.
storagematt
 

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