The administrator of Portsmouth has said that the situation at the club is ‘more serious’ than expected. The fundamental problem is that the club has a Premier League cost base but only Championship income and could run out of money in the next couple of months if drastic decisions are not taken.
The administrator of Portsmouth has said that the situation at the club is ‘more serious’ than expected. The fundamental problem is that the club has a Premier League cost base but only Championship income and could run out of money in the next couple of months if drastic decisions are not taken.
Several staff have lost their jobs, including the chief executive, and the players have been asked to defer wages. The club’s survival depends on finding a buyer before the money runs out.