Karl Baxter
Guru
- Joined
- Jan 9, 2009
- Messages
- 128
Portsmouth have been declared insolvent and have been placed under administration by insolvency accountants in an attempt to recoup some of the 60-70 million pound debts.
http://news.bbc.co.uk/sport2/hi/football/teams/p/portsmouth/8538457.stm
But Portmouth's poor finances are typical of most clubs in the premier league, so the club's collapse is likely to spell trouble for other clubs in similar situations. Who do Castefootball readers think will follow them into administration?
http://news.bbc.co.uk/sport2/hi/football/teams/p/portsmouth/8538457.stm
But Portmouth's poor finances are typical of most clubs in the premier league, so the club's collapse is likely to spell trouble for other clubs in similar situations. Who do Castefootball readers think will follow them into administration?