Andronikou aims to dodge deduction

BY foxsports • February 26, 2010

The Fratton Park club went into administration on Friday morning with debts of £70million and Andronikou, an insolvency practitioner from UHY Hacker Young, now has the job of assessing the extent of the damage along with colleague Peter Kubik. Any club that goes into administration is given an automatic points penalty, with Pompey set to lose nine of their 16 points under Premier League rules. However, Andronikou is going to ask the Premier League not to impose such a punishment on the south coast club. He told Sky Sports News: "I understand everyone is taking it for granted we are going to be docked the nine points. It is something I need to broach with the Premier League and then look to start talking about parachute payments. "I need that to be confirmed during the course of the week. "We need to go through the formal process. I think it's early days to be talking about deducting the nine points. "It is the rule at the moment but we are the first Premier League club to have gone into administration so let's just test the rule." Asked whether he would ask them not to dock the points, Andronikou answered: "It could be on the agenda. "I can imagine they will be very firm in their decision." Andronikou also revealed he believed the club might be able to sell players outside the regular transfer window in order to start raising money. "I am hoping the transfer window will be open for us," he added. "It's been indicated to me I might be able to - on terms - so let's just leave it that way. "I don't want to prejudice the club's wishes by discussing that further without giving the courtesy of having that discussion with the Premier League."


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