I seem to recall hearing that Pompey hadn't paid their players on time on three separate occasions this season...it could be that the transfer window opens and the best part of their squad flies out of it, following which they would be scratching around the likes of Weymouth and Dorchester to...
Fair comment BoF, but when have the FA been in a position to judge whether someone was "fit and proper" to run a football club...our club history shows a distinct lack of sense by the FA...whose initials ironically suggest how much use they were in our case!
I guess that technically a buyer could come in and pick them up for a bargain price... asset strip the club, sell off anything of any value (ground and players) and pretty much close them down in all but name...can't really see it coming to that, but in these harsh economic times it has to be...