Troubled Premiership football club Portsmouth has received £2m to help with
the costs of administration and running of the club.
Joint administrator Peter Kubik, of UHY Hacker Young, said he could not
reveal where the “contribution to costs of administration” came from. The money
is to be used for the overall running of the club, however, Pompey still has a
shortfall of £5m.
The figures were revealed in the administrators’ creditors report, which
shows their time costs of more than £200,000, and solicitor fees in excess of
The firm’s auditors, Grant Thornton, are also creditors of the ailing club –
owed a total of £53,294.36.
Andrew Andronikou, Peter Kubik and Michael Kiely from UHY Hacker Young were
appointed joint administrators on 26 February 2010.
The administrators are proposing a company voluntary arrangement to
creditors, with Andronikou and Kiely to be supervisors.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children