English Premier League club Portsmouth went into administration Friday . At a press conference on Friday the club 's administrator , Andrew Andronikou , confirmed that Portsmouth 's debts were around $ 100 million , but he said he was confident they would not go bust . They are the first club to go into administration in Premier League history . Portsmouth 's total debts estimated to total around $ 100 million . South African club won the English FA Cup in 2008 .
English Premier League club Portsmouth went into administration Friday . They are the first club to go into administration in Premier League history . Portsmouth 's total debts estimated to total around $ 100 million . South African club won the English FA Cup in 2008 .