BusinessBusiness RecoveryPompey administrator appoints CEO

Pompey administrator appoints CEO

David Lampitt, who formerly worked at E&Y and Coopers & Lybrand, to become chief exec at Portsmouth FC

Andrew Andronikou, a partner at UHY Hacker Young and administrator at
Portsmouth FC, has recruited David Lampitt to take the CEO post at the collapsed
club.

Lampitt is the Football Association’s (FA) head of football integrity and
oversaw the FA’s investigation into Portsmouth’s last three transfers,
The
Daily Telegraph
reported.

In a statement Andronikou said: “I am pleased we have attracted someone of
this calibre to become chief executive. My objective is to ensure that the club
exits from administration as soon as possible and it is critically important for
Portsmouth’s future that we have, in David, a chief executive who will be widely
acknowledged and recognised as a safe pair of hands.”

Lampitt previously worked at Ernst & Young and Coopers & Lybrand in
Paris.

The timing of the appointment has raised eyebrows in the industry as a new
owner for the club would more than likely want to recruit their own executive
team. Following this announcement it is believed a deal to sell Portsmouth is
closer than previously thought, said the paper.

Andronikou has his hands full this week, as he plans to lodge paperwork
allowing the club to play in the Europa League next season.

Portsmouth, as FA Cup finalists, is automatically entered into the European
League whether they win at Wembley or not next week.

Unfortunately the club failed to apply for a licence by the deadline, 1
March, as it entered administration meaning they are unable to play in the
European competition.
Andronikou is appealing to the Football Association this week to seek entry.

Further reading:

HMRC
drops Portsmouth administrator challenge

Pompey
administrator investigate mystery payments

Related Articles

R3 calls for creditor 'breathing space' to help turn companies around

Accounting Standards R3 calls for creditor 'breathing space' to help turn companies around

2y Chris Warmoll, Writer
R3 cautiously welcomes advent of simpler bankruptcy regime

Business Recovery R3 cautiously welcomes advent of simpler bankruptcy regime

2y Chris Warmoll, Writer
Taking Stock: Spotting accounting flaws is child’s play

Audit Taking Stock: Spotting accounting flaws is child’s play

2y Taking Stock
Former Scots Tory party treasurer hit with bankruptcy restrictions

Business Recovery Former Scots Tory party treasurer hit with bankruptcy restrictions

2y Richard Crump, Writer
Administrations ‘flat-line’ as personal insolvencies hit low

Business Recovery Administrations ‘flat-line’ as personal insolvencies hit low

2y Richard Crump, Writer
Company and personal insolvencies sink to pre-recession lows

Business Recovery Company and personal insolvencies sink to pre-recession lows

3y Richard Crump, Writer
Bankruptcies hit lowest quarterly level in 15 years

Business Recovery Bankruptcies hit lowest quarterly level in 15 years

3y Richard Crump, Writer
PwC faces $1bn lawsuit over bad MF Global advice

Accounting Firms PwC faces $1bn lawsuit over bad MF Global advice

3y Richard Crump, Writer