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A sad day for English football, Portsmouth are on the brink of liquidation if agreement with Gaydamek is not reached. Sky Sports Breaking news now. More to follow. Hopefully with this and the dramas with Liverpool and Manchester United this will make a lot of clubs stand up and take notice.
http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/9120108.stm
Portsmouth say they are likely to fold as they are unable to continue trading after talks with former owner and key creditor Sacha Gaydamak broke down.
The club claim that Gaydamak demanded an upfront cash payment to allow a possible deal to go through and allow them let to exit administration.
"It appears likely that the club will now be closed down and liquidated by the administrators," said Pompey.
Earlier in October the club's latest plan to exit administration was vetoed.
R.I.P Pompey :wub:
A sad day for English football, Portsmouth are on the brink of liquidation if agreement with Gaydamek is not reached. Sky Sports Breaking news now. More to follow. Hopefully with this and the dramas with Liverpool and Manchester United this will make a lot of clubs stand up and take notice.
http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/9120108.stm
Portsmouth say they are likely to fold as they are unable to continue trading after talks with former owner and key creditor Sacha Gaydamak broke down.
The club claim that Gaydamak demanded an upfront cash payment to allow a possible deal to go through and allow them let to exit administration.
"It appears likely that the club will now be closed down and liquidated by the administrators," said Pompey.
Earlier in October the club's latest plan to exit administration was vetoed.
R.I.P Pompey :wub:
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