ADMINISTRATION would result in Pompey being hit with a points penalty.
Under regulations published by the Football League, any club placed into administration receives a mandatory deduction of 10 points.
According to official league rules: ‘If any club becomes subject to or suffers an insolvency event, that club shall be deducted 10 points.’
It is believed Pompey will not face a further points penalty as its current cash flow problems stem from its parent company, Convers Sports Initiatives (CSI), being placed into administration.
Michael Appleton’s men currently sit in 17th place in the Championship table with 34 points from 29 games.
A 10-point penalty would plunge the club close to the relegation area with just under half of the season remaining.
They would be level on points with Doncaster Rovers in the bottom three.
The Pompey boss said last night he is ‘braced for administration’.
He said: ‘We have to make sure we’re prepared (for administration).
‘If it does happen, we’ll deal with it and do everything to keep the spirit and morale of the club in place.’
Pompey were previously placed in administration in February 2010.
The club was then a Premier League side and deducted nine points.
The penalty subsequently lead to relegation to the Championship.
A Company Voluntary Agreement was signed in June 2010 and Pompey exited administration in October 2010 after a deal was reached with former owner Balram Chainrai.
It was taken over by CSI in June last year, but the club has been without owners since November when CSI went into administration.