Portsmouth on brink of administration

Portsmouth are set to become the first Premier League club to go into administration after owner Balram Chainrai served notice of his intention to put the club into the hands of insolvency experts on Friday. Chainrai said it was now unlikely that a...

Portsmouth are set to become the first Premier League club to go into administration after owner Balram Chainrai served notice of his intention to put the club into the hands of insolvency experts on Friday.

Chainrai said it was now unlikely that a takeover deal would be done before the end of the week and administration will prevent the club from being wound up in the High Court on Monday.

But it will also mean certain relegation for Pompey as there is an automatic nine-point penalty for any Premier League club going into administration and that would leave the side on just seven points, 16 behind their nearest rivals.

After that there is the prospect of a continuing player exodus and a long period of rebuilding in the Championship.

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