Portsmouth Football Club is to enter administration today as the Premier League side struggles under a mountain of debt totalling £60 million – including more than £12 million owed in tax to HM Revenue and Customs.
The club has failed to attract a buyer and the process of administration means it will immediately be docked nine [...]
Championship side Crystal Palace has gone into administration as a result of financial difficulties.
In November, cash flow problems were highlighted after players were paid late on several occasions.
The news comes just a month after Watford Football Club saw its shares suspended after its parent company, Watford Leisure, was on the verge of administration.
Watford Leisure [...]
Shares in Watford Football Club have been suspended after its parent company, Watford Leisure, warned it may enter administration.
The Club, nicknamed The Hornets, is currently 10th with 30 points in the 24-team Coca-Cola Championship.
Watford Leisure recently announced it would run out of cash before Christmas if it did not secure further funding and has been [...]