Peter Storrie Hang Your Head In Shame

Today the inevitable has been announced. Portsmouth have gone into administration as they’re in more debt than Greece.

Pompey now hold the dubious accolade of becoming the first club in Premier League history to hit the financial rocks.

This means that they will be deducted nine points and almost certainly face life in the Championship next season.

A parachute payment of around £11m from the Premier League will help to cushion the blow, but will not solve the clubs £60m debt.

Having seemingly financed large a percentage of the cubs spending on a credit card, there is little else for Chief Executive Peter Storrie to do, but hang his head in shame.

On the other hand, the angry fan who confronted him on Friday morning, has every right to hold his head high.

Only time will tell though who is truly accountable for the mess of a football club that is left, but one thing is for sure, if you’re thinking of having a piss-up in a brewery, don’t ask anybody from the Pompey board to organise it.

Posted By Dan Mobbs - Friday February 26, 2010.
Tags: Portsmouth, administration