Club expected to confirm administration tomorrow.
With the admission from Portsmouth’s chief executive Peter Storrie that the club are likely to be placed in administration tomorrow, having failed to find a buyer, William Hill have decided to pay out on all bets on the South-East club being relegated to the Championship.
Administration comes with a nine point penalty, and that would leave Pompey, rooted to the bottom of the league already, with just seven points, and seventeen away from Premier League safety, with just twelve games, and a possible thirty-six points remaining.
Hill’s spokesman Graham Sharpe told Bettingpro:
“Pompey are poised to go into administration on Friday, and if they do so they will be a massive odds-on shot to be relegated.
“As it is, they are currently 1/20 for the drop, having opened the season at 7/1 to go down, and it seems like delaying the inevitable not to pay out now.
“Punters will benefit to the tune of a five-figure pay-out, which they would almost certainly have received in any case a few weeks down the line.”