Portsmouth

Portsmouth two weeks away from going out of business

By Danielle Joynson, Staff Reporter | 23 July 2012

Portsmouth 'weeks away' from liquidation

Portsmouth administrator Trevor Birch says that the club is "fighting for its life" and could go out of business within the next fortnight.

Portsmouth administrator Trevor Birch has revealed that the former Premier League club is in danger of going out of business in a fortnight.

The League One outfit, who were relegated from the Championship last season, are attempting to offload senior players or introduce a significant reduction in salaries in order to keep the club afloat.

"The club is heading for liquidation in just a few weeks, perhaps two weeks if these players don't leave or compromise on their wages," Birch told ESPN. "We still have players like Ben Haim, Dave Kitson and Kanu on our books.

"These players hold the survival of the club in their hands. I must stress it is not their fault as the players didn't get the club into this trouble, but they do now have the ability to get the club out of this mess.

"The problem with everybody is that this club has cried wolf so often that no one believes it will happen, no one believes they will go out of business, but they will in two or three weeks. It is that serious now. The trouble is 'Portsmouth fatigue', but the truth is that the club is now fighting for its life."

Portsmouth fell into administration for the second time in two years in February.