Wednesday, June 23, 2010

Portsmouth join host of clubs who have entered administration

Published: 11:37AM GMT twenty-six February 2010

Bitter-sweet: Johnstone"s Paint Trophy winners Luton Town were docked thirty points Photo: PA

LeedsLeeds paid a high cost for what former authority Peter Ridsdale called "chasing the dream" of winning made at home and European honours by spending outrageous sums on player send fees and wages.

The bar were relegated from the Premier League in 2004 and went in to administration department department department department department department department department department in May 2007, a move that rught away relegated them to League One. The Yorkshire side have right away stabilised their finance management and are in row for involuntary graduation behind to the Championship, but they are still a prolonged approach from the Champions League.

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SouthamptonThe Saints, in the Premier League as not prolonged ago as 2005, were relegated to League One last Apr after their holding association entered administration. The Football League motionless the association and the bar were "inextricably linked" and deducted 10 points. Swiss office worker Markus Liebherr took the bar over last Jul but it is a prolonged highway behind to former glories, with the Saints removing to the FA Cup last as not prolonged ago as 2003.

LeicesterLeicester entered administration department department department department department department department department department in Oct 2002 with debts of around �30 million, only months after their relegation from the tip flight, but were not docked points and managed to secure graduation behind to the Premier League in May 2003. They lasted only one deteriorate behind in the tip moody and slipped down in to League One, but were promoted behind to the Championship at the finish of the 2008-09 season.

CharltonCharlton have managed to wand off the hazard of administration department department department department department department department department department given slipping down from the Premier League to League One, but they did go in to administration department department department department department department department department department in 1984, forcing the bar to leave The Valley and groundshare with Crystal Palace at Selhurst Park.

LutonLuton endured a array of problems in the last decade, initial entering administration department department department department department department department department department in 2003 and were forced in for a second time in Nov 2007, incurring a 10-point penalty. They accomplished bottom of League One and slipped out of the joining exactly at the finish of the 2008-09 deteriorate carrying been strike by a 30-point deduction. Ten points were deducted for monetary irregularities whilst a serve twenty were docked for withdrawal administration department department department department department department department department department but similar a Company Voluntary Agreement.

Crystal PalacePalace went in to administration department department department department department department department department department last month with debts close to �30 million. The London bar have already been forced to sell their star personification item - Victor Moses - to Premier League side Wigan.

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