Administrators appointed at Portsmouth and Rangers
The state of football’s finances and excesses was put into the light again today when another two clubs applied for administration orders.
While it’s a difficult time for both clubs, administration is generally done as a last resort and gives the clubs a chance put their affairs into order.
For punters it can be an opportunity. Search for Porstmouth on the blog to see the fun and games I have had in the past with relegation and promotion markets when clubs go into administration. It doesn’t necessarily mean that you have to bet on the mis-fortune of a team but you may find that other teams in the league benefit from others issues.
Celtic must surely win the SPL now if their biggest rival is deducted 10 points. For Pompey its less clear if 10 points would result in relegation. They are currently 10 points clear of the relegation zone. But you have to wonder how much longer Portsmouth FC as a business can continue. It’s had so many owners, been through so much turmoil and been in administration two years in a row, it’s a complete mess. What owner can step up to turn things around?
The administrators are being kept in business
Category: Football trading strategies, Trading strategies
