A Game of 2 Administrations for Portsmouth FC
Confirmed today, Portsmouth Football Club have gone into administration for the second time in as many years. UHY Hacker Young were administrators first time round, during which there was a falling out with HMRC. As a result, despite being the likely candidates to take the reigns again, HMRC have successfully blocked UHY Hacker Young from winning the bid, with PKF announced as the administrators. The Club’s parent organisation Convers Sports Initiatives (CSI) entered administration back in November 2011.