Mon, 30 Jul 2012 | ADMINISTRATION
The administrators at Portsmouth FC have stated that the club is in a “critical” condition and may be heading for liquidation.
Bryan Jackson, joint administrator for the club, stated that the remaining high-cost players need to “compromise on their wages or agree to move” or the administrators will not be able to complete the sale of the club and “it will close down”.
He added: “What is certain is that if the club does go into liquidation they are unlikely to receive anything at all. If, however, they agree to leave or conclude compromise settlements then the club has a future.”
Harry Redknapp, a former manager, has stated that he will attempt to save the club from closing down. He told ESPN he would be talking to the club to see if there is “anything I can do”. “Portsmouth has got to be saved, it's a great club with great traditions,” he added.
Discussions are continuing with the remaining players who have so far not agreed to a move or a wage cut. With Ben Haim, the club is reportedly within £250,000 of reaching an agreement. It remains to be seen if deals with all of the players will be found in time.
This is a rare opportunity to acquire a well-established specialist in late model classic vehicles, renowned for excellent service, repairs, and restoration of a specific vehicle type.
LEASEHOLD
This is a rare opportunity to acquire a well-established garden maintenance business with 18 years of success, set within a picturesque 4-acre site in Somerset.
This well-established heating and ventilation business in Warwickshire boasts a 25-year history and a reputation for excellence, offering a diverse range of high-quality products from top brands.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.