Mon, 30 Jul 2012 | ADMINISTRATION
The administrators at Portsmouth FC have stated that the club is in a “critical” condition and may be heading for liquidation.
Bryan Jackson, joint administrator for the club, stated that the remaining high-cost players need to “compromise on their wages or agree to move” or the administrators will not be able to complete the sale of the club and “it will close down”.
He added: “What is certain is that if the club does go into liquidation they are unlikely to receive anything at all. If, however, they agree to leave or conclude compromise settlements then the club has a future.”
Harry Redknapp, a former manager, has stated that he will attempt to save the club from closing down. He told ESPN he would be talking to the club to see if there is “anything I can do”. “Portsmouth has got to be saved, it's a great club with great traditions,” he added.
Discussions are continuing with the remaining players who have so far not agreed to a move or a wage cut. With Ben Haim, the club is reportedly within £250,000 of reaching an agreement. It remains to be seen if deals with all of the players will be found in time.
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