Football: Portsmouth go into administration
Portsmouth, 112 years old, are currently languishing at the foot of the Premier League and have been forced into administration by Her Majesty's Revenue and Customs due to unpaid taxes Photograph: Chris Ison/PA Wire/Press Association Images Photograph: Chris Ison/guardian.co.uk Alexandre 'Sacha' Gaydamak outside Fratton Park stadium. Gaydamak become the sole owner of Pompey in July 2006 after previously being the co-owner with Milan Mandaric. He sold the club to Sulaiman al-Fahim in July 2009 Photograph: Andy Hall Photograph: guardian.co.uk Harry Redknapp managed Portsmouth from 2001-2004 and 2005-2008. In his first reign at Fratton Park Redknapp's team won the Division One title in 2002-03 and promotion to the Premier League. He resigned in November 2004 following a disagreement with the former owner Milan Mandaric. Just over a year later he was back at Fratton Park and in 2008 guided the club to their second FA Cup victory. However the fact that more money was paid out to players in win bonuses than amount of prize money and revenue that the cup victory brought the club, was a sign that finances were not in the rudest health Photograph: Tom Jenkins Photograph: guardian.co.uk The Pompey fans initially looked upon the arrival of Fahim with hope and optimism... Photograph: Frances Leader/Action Images Photograph: Frances Leader/guardian.co.uk ... but he brought with him a whole new set of problems and frustrations Photograph: Frances Leader/Action Images Photograph: Frances Leader/guardian.co.uk Ali al-Faraj purchased a 90% stake in Portsmouth on 5 October 2009 through Falcondrone Ltd from Fahim. However, at the start of February 2010, Faraj lost his stake in Portsmouth to a debtor as part of a repayment agreement on one of his loans Photograph: Handout/Portsmouth FC via Getty Images Photograph: Handout/guardian.co.uk Yoram Yusepov, who is a business partner of the former owner Faraj, watches Portsmouth's home game against Manchester City last August Photograph: Mike Egerton/Empics Sport Photograph: Mike Egerton/guardian.co.uk The former Chelsea manager Avram Grant arrived at Portsmouth in November 2009 following Faraj's purchase of the club. After Paul Hart was sacked, he took and over and the Israeli's first two games in charge were marked by defeats. Despite Pompey then beating Burnley and Liverpool in December, they swiftly returned to their poor run of form and are languishing at the bottom of the Premier League with just 16 points Photograph: Eddie Keogh/Reuters Photograph: Eddie Keogh/guardian.co.uk The new owner Balram Chainrai watches the team as they visit Hull City. Chainrai is a Hong Kong businessman who has lent Faraj £20m secured though collateral of Fratton Park grounds and the club itself. When al-Faraj failed to meet scheduled loan repayments, Chainrai took control of the club Photograph: Richard Heathcote/Getty Images Photograph: Richard Heathcote/guardian.co.uk Portsmouth's chief executive Peter Storrie has been at Portsmouth since 2002 but has announced that he will resign when the administrators sell the club Photograph: Clive Rose/Getty Images Photograph: Clive Rose/guardian.co.uk London solicitor Mark Jacob, who has been Portsmouth's Executive Director since Faraj took control of the club Photograph: Glyn Kirk/AFP/Getty Images Photograph: Glyn Kirk/guardian.co.uk The Pompey fans have become increasingly frustrated, dismayed and angry at what has happened to the club and the monstrous £60m debts it has racked up. They will fear for the future of the club now that it has been docked nine points and faces certain relegation. Photograph: Chris Ison/PA Photograph: Chris Ison/guardian.co.uk
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