Portsmouth To Start On Minus 10

Last updated : 12 July 2012 By Covsupport News Service

Portsmouth will start the League One season with a ten point deduction, it has been announced.

Portsmouth were deducted ten points last season which contributed to their relegation and now The Football League said today it will accept Portsmouth's member of League One provided whoever buys the club complies with a number of conditions which include a ten points deduction.

The Football League have confirmed that 'Portsmouth must agree that only a limited proportion of the secured debt from the previous club can be carried forward into the new company as secured debt, pay all their football creditors in full, unless mutually acceptable compromise agreements are put in place and agree to face a range of other restrictions on playing budgets, future borrowing and loan repayments for the next five seasons.

A Football League statement says: "The Board of The Football League has agreed to make an offer of membership to the eventual purchaser of Portsmouth Football Club. 

"The offer is subject to the successful bidder accepting a number of conditions that seek to ensure the sporting integrity of league football and the financial viability of the club going forward. 

"The Football League Board has absolute discretion as to whether to admit any new company as a member of The League. In doing so, it has to strike a balance between giving a club another chance and the effect this has on sporting competition between clubs."