Tag: administration
Trade of the season (so far)
I mentioned in another post about the Portsmouth saga and it turns out I was correct in my interpretation. This turned out to be the trade of the season so far. Portsmouth relegation markets have been a nice earner in the last couple of years!! I’ll have to wait till May to get paid out but I can now green out and look for the next opportunity.
Pompey likely to close down
Portsmouth say they are likely to fold after talks with former owner and key creditor Sacha Gaydamak broke down. Full story here: –
https://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/9120108.stm
Odds on Betfair for relegation have plunged from 11’s to heavy odds on. In settlement terms Betfair count going out of business as relegation, hence the change in odds. I suspect this could be a wake up call from the administrator to the only creditor holding up the process. Lets wait and see….
Liverpool could face points deduction
Liverpool need to agree a sale by the 15th October or else they could be put into administration. This is significant if you remember my post last year about a similar situation with premiership club Portsmouth. Full story here: –
https://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/9074311.stm
Portsmouth go into administration
Further to my post some time ago Portsmouth officially went into administration this afternoon and almost certain relegation. Hopefully you jumped on board following my post a little while ago. One of the lowest risk trades of the season!
While it’s not pleasant to see clubs get into trouble, the economics of football are astonishing. It’s quite amazing to see how poor the economics of most clubs are, but even the top teams are not in a very good shape. …
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