Both Coventry City and Portsmouth came down from the Championship last season, hampered in their attempts to stay up by a catalogue of problems off the field which in Pompey’s case made the Sky Blues look like a model example of how to run a football club.
And, although City’s owners are not paying their rent, haven’t come close to doing a deal to buy a share in the Ricoh Arena and are operating under a transfer embargo, at this stage the very future of the club is not at stake.
Portsmouth however face the threat of liquidation within five weeks according to an insolvency firm currently advising the Pompey Supporters’ Trust as they try and put together a bid to buy the club, currently in administration and with a £10m wage bill which needs to be reduced drastically to
The club’s creditors are due to vote on 25 June on a proposal by former owner Balram Chanrai which will see them receive 2p in the pound.
Read more at our excellent sister site Vital Pompey.
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