aop
ad

Portsmouth to enter administration for second time

by Nick Huber

More from this author

13 Feb 2012

Portsmouth FC badge

PORTSMOUTH FOOTBALL club is to go into administration for the second time in two years.

The players and the club's coaching staff have been informed with an announcement expected on Monday night or on Tuesday morning, according to news reports.

The taxman issued the club with a winding up order earlier this year for an unpaid tax bill of about £1.6m.

As part of the winding up order all assets at the club have been frozen including bank accounts restricting management's ability to pay staff and players.

Portsmouth's administrator, UHY Hacker Young, was unavailable for comment.

Visitor comments Add your comment

display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit

Search thousands of financial jobs:

Information currently unavailable.

Search thousands of financial jobs:

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

Supplier Statement Reconciliations cover

Supplier statement reconciliations: Manual chore or critical value adding process?

By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.

7 Building Blocks cover

7 building blocks for business growth

Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities