Portsmouth, Taking Alexandre Gaydamak Negotiations Public, Claims Club Could Be Closed Down

Portsmouth FC could close its doors, a statement on the club’s website confirmed, though the tone of the announcement portrayed a negotiating tactic rather than the solemn pronouncement of a terminal club. Perhaps that’s the frustration of a long, drawn-out fight to save the South Coast club. It could also be public relations.

According to a statement released on PFC’s web site, an agreement to move the club out of administration has been derailed by former owner Alexandre Gaydamak’s demands concerning how money he’s owed will be repaid. Based on what can be inferred from the announcement, an agreement had been in place between club administrators and the former owner; however, Gaydamak now wants more of this owed money up-front, a demand the club is unable to meet.