Saturday, February 18, 2012

Portsmouth in Administration

Not overly surprising, they have gone into administration to get access to their finances after the HMRC winding up order.

Suppliers have been withdrawing services, players not getting paid, 10 points now docked in the league. It feels more serious than last time as there does not seem to be any buyer waiting in the wings. HMRC are unlikely to yield on their unpaid tax demands.

Still I predicted the end last time this happened, so I hope I am wrong this time.

No comments: