Portsmouth FC Hours Away from Liquidation and Likely to Cease to Exist

True BlueCorrespondent IOctober 22, 2010

Hero turned to killer?
Hero turned to killer?

It is being reported that the administrators for Portsmouth Football Club are to liquidate the club and that it will cease to exist by Tuesday at the very latest.

The Football League may preempt any last-minute moves by cancelling their upcoming game this weekend.

This seems to be the end for a very longstanding and historical football club, and apparently its fate has been decided by Sacha Gaydamak, the man who took the club into massive debt during his tenure as owner.

I, for one, will mourn the passing of this great football institution.