This week the inevitable happened for Portsmouth FC. They became the first ever Premier League club to enter administration. They will now be pared right down to the bone as the administrator Andrew Andronikou takes over the daily running of the club looking to cut all costs in order to get the club back on track.
However, despite all the reports of how Pompey were going to go out of business, administration looks to be the best option for them right now. It means that they will now remain on in the Premier League and will not be served with a winding up order, which was due to be given on the 1st of March.
Having now entered administration Pompey look set to incur a nine point deduction as punishment. Although, it remains to be seen whether the club will actually be deducted these points, Andronikou has said this week that he will ask the Premier League for this to be held off because it is the first time a club has entered administration in the top flight.
Avram Grant really sums up the situation – “Football should be decided on the pitch not in the courts, not in the Premier League offices”
If they were to be deducted nine points then Pompey would effectively be relegated to the Championship because they would be 14 points from safety with 12 games remaining. It is not inconceivable, but they would be depending on teams above them not to win.
While it has been the worst week in their 112 year history, Pompey have at least three positives to take from it.
Firstly, they have entered administration, which I think is a blessing in disguise rather than going out of business. That would have been disastrous for all involved not to mention the Premier League as a whole and results becoming null and void.
Secondly, Avram Grant who I have a newfound admiration for – will be staying on as manager of the South Coast club. I think what Pompey need is stability and that is what Grant has brought to the team.
And finally, the spirit of the players who went to Burnley on Saturday and gained what was possibly their biggest victory of the season beating the Clarets 2-1.
For a team who have gone through not just a rough patch but, a rough season deserve an immense amount of credit. People may say the win was against Burnley, but it was at Turf Moor which has been the Clarets fortress this season.
Honestly, I hope the Premier League hand Pompey a lifeline by not deducting the nine points. Certainly, I did say before that the Premier League should not help Pompey but that was in regards to dishing out money when there was no hope of survival. With the appointment of the administrator I would argue that the club is already more stable.
They also must enter a Company Voluntary Agreement for unsecured creditors or start the next season with another deduction of at least 15 points.
Portsmouth are the first ever Premier League club to enter administration, but the sad thing is that they certainly will not be the last. I wish the club all the best for the future, and really hope that they do manage to stay up if they don’t incur the nine point penalty.