Portsmouth Football Club have become the first Premier League club to enter administration, after their debt problems proved too much to difficult to manage. With debts of around £60m, the move will almost certainly seal the south coast club’s relegation from the top flight, as an automatic nine points will be deducted from their current [...]
Portsmouth Football Club
Premiership football Portsmouth debt management mix-up
Premiership football club Portsmouth have denied that they are on the brink of financial ruin caused by debt management problems, after staff were paid late for a second time this year. The club from the south coast issued a strongly-worded statement to reassure fans on their website after speculation as to the club’s financial future [...]
