Portsmouth into administration again

Championship club Portsmouth have entered administration for the second time in three seasons.

The Fratton Park outfit now face a deduction of points from the Football League, which could be as high as 20.

Portsmouth became the first English Premier League club ever to enter administration in February 2010 and were docked 10 points at the time.

And history repeated on Friday morning (local time) as their application for administration was heard, while Peter Kubik of UHY Hacker Young – Portsmouth’s financial advisors – also revealed that their bank accounts had been frozen momentarily.

“The club’s bank accounts have been frozen due to the winding-up hearing and they are finding it very difficult to trade,” Kubik told Yahoo! Sport.

“Once the administration order is in place the bank accounts will be made accessible again. We are aware that administration carries an automatic 10-point deduction by the Football League.”

Portsmouth owe approximately two million pounds to creditors while a tax bill of between 900,000 pounds and 1.2 million pounds is also unpaid.

Kubik also revealed that the club’s utilities could be cut off, adding that ‘there are lots of bills they (Portsmouth) need to pay’.

The South Coast club – who were issued with a winding-up petition by Her Majesty’s Revenue & Customs in January – have not paid their players or staff for the last month.

They sit 18th in the Championship and the minimum points deduction would see them outside the relegation zone by just goal difference.