Yup, very much a geography thing. I live in Chichester which, aside from a fair amount of plastic supporters, is Pompey territory. I respect the crowd sizes they've been getting in the bottom division, and a few are alright, but they are a pretty clueless, contemptible bunch of skate botherers...
You're absolutely correct on the first point, but I would point that they've had THREE administrations - first one being 1998/99, before point deductions/penalties were applied.
They've out-Palaced Palace on that score