 Cash-strapped Portsmouth are struggling at the bottom of the league
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Portsmouth have become the first Premier League club to enter administration.
The debt-laden club will also be docked nine points as a result which means relegation is almost certain.
With debts of about £60m, they were due to face a winding-up order on 1 March but opted to go into administration unless a buyer for the club was found.
It was reported that four parties were considering a takeover but Thursday's deadline passed without a conclusion.
Administrator Andrew Andronikou, of insolvency experts UHY Hacker Young, now has the responsibility of beginning the process of cutting costs at the club to try to keep it as a viable entity.
It follows weeks of speculation over the survival of the cash-strapped south coast side.
Balram Chainrai became Portsmouth's fourth owner of the season earlier this month, taking 90% of the club's shares after previous owner Ali Al Faraj defaulted on loan payments due to the Hong Kong-based businessman.
More to follow.
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