Portsmouth Football Club is on the brink of closing unless senior players accept pay cuts. The club's administrator Trevor Birch has told staff that Pompey will cease to exist from August the 10th - unless remaining senior players are willing to compromise on their current deals.
Pompey need to slash a current wage bill of around 8 milion pounds - in order for a takeover to go ahead.
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The administrator for Portsmouth FC tells Meridian the club will close unless it can reach agreement with the players.
Portsmouth FC fans have pleaded with fans to accept pay cuts in an attempt to save their club. The Pompey administrator Trevor Birch says the club will close on August 10 if a compromise cannot be reached with some of the senior squad. Our sports correspondent Sarah Gomme reports.
Portsmouth administrator Trevor Birch has reportedly told staff at the club it's survival deadline is August 10th. It's understood that yesterday Birch told fans the club will be liquidated in two weeks - unless highly-paid senior players leave.
The club has a wage bill of around £8 million pounds which must be reduced to make a takeover possible.