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Portsmouth Go Into Administration
 
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26-Feb-2010  
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Portmsouth have confirmed on Friday morning that the they have officially gone into administration, meaning that they will soon incur an automatic nine-point penalty from the Premier League.

Emotions have been running high at Fratton Park season, with chief executive Peter Storrie being berated by an irate fan as he arrived for work.

Pompey executive director Marc Jacob stressed that it was now time for unity and collective strength at the club.

"It's a time for everyone at the club to unite and get behind the club," he told Sky Sports News.

"And get behind the people who are now in control. We need to move forward together as a club."

Mike Hancock, the MP for Portsmouth South, claimed that the issue would have a profoundly negative effect on the local economy.

"A lot of them have already suffered. A lot of them are queuing up behind the Revenue to get their money which they're owed by the club now," he said.

"If a new owner is coming in then they've got to build confidence again otherwise they're not going to get the supplier supporting the club.

"But for the businesses that have worked so hard to make this club a success, it's a bitter blow to them.

"It might mean that in the short term that people might even lose their jobs over it, because cash flow is big problem, and when you're owed a lot of money you can't survive forever like that.

"The City would I hope look sympatehtically at some of those businesses and try to help them.

"But this is a football issue and this is an issue where the Premier League owes it to the football community here in Portsmouth to do a little bit more than they've done.

"All they've done at the present time is run the touchline and they haven't run very fast in helping us."

A press conference is set to be held at Fratton Park this afternoon.
 
 
 
Source: Goal
 
 

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