BusinessBusiness RecoveryPortsmouth administrators make 30 redundancies including CEO

Portsmouth administrators make 30 redundancies including CEO

Portsmouth CEO David Lampitt is among the staff made redundant by PKF administrators at the club

PKF ADMINISTRATORS have announced several redundancies at the collapsed club.

Trevor Birch, Ian Gould and Bryan Jackson, partners at PKF, were appointed joined administrators to the Championship side earlier this month.

They have now announced 30 redundancies, including chief executive David Lampitt. The team has also asked several employees to swap their full time roles for part time.

“We have had no choice but to take the difficult decision to make a number of redundancies across all levels and departments within Portsmouth Football Club,” said Birch.

“These measures are painful for everyone involved with the club, but they are essential for Portsmouth’s survival, which is our main objective.”

He added the financial position of the club was worse than many had expected.

“To put it bluntly, Portsmouth Football Club has a Premier League cost base but only Championship income. This is not a sustainable situation and one that needs to be addressed urgently if the club is to continue to exist,” he said.

Birch also warned the club could run out of cash in the next couple of months and that its survival was dependent on being able to find a buyer.

Last year Portsmouth FC’s parent company Convers Sports Initiative entered administration, with UHY Hacker Young partners Andrew Andronikou and Peter Kubik taking the joint appointment.

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