Portsmouth unlikely to lose points - Andrew Andronikou

Andrew Andronikou
Andronikou was involved with Portsmouth during their spell in administration

Administrator Andrew Andronikou does not believe Portsmouth will be hit by a points deduction.

Pompey's owners Convers Sport Initiatives entered administration on Tuesday leading to the club's owner Vladimir Antonov stepping down.

Andronikou acted as an administrator at Pompey last year and has now been appointed to a similar role with CSI.

"I can't see how the club can be deducted points. There's no football debts," he told BBC Radio Solent.

"What the club need now is someone to come in with the necessary resources to take the club forward."

Last week, Antonov and his business partner Raimondas Baranauskas appeared in court in connection with the alleged asset stripping of a bank in Lithuania.

Prosecutors in Lithuania want to question Antonov and Baranauskas as part of an investigation into claims involving Snoras Bank.

There were concerns that Pompey could be given a points deduction following the precedent set by south coast rivals Southampton in 2009.

Then, the Saints' parent company, Southampton Leisure Holdings (SLH), went into administration and an independent investigation by the Football League found the club and SLH were "inextricably linked as one economic entity".

Southampton were subsequently deducted 10 points.

Despite downplaying the chances of the club being dealt a points penalty, Andronikou acknowledged that it is now important for the club to find new investment.

"We need to find a purchaser to put funds into the club around the new year," he added.

"Our remit really is to find a new owner. Historically in every club's cash-flow profile the end of the season is the most gruelling so it's important to get something sorted for then."

The Fratton Park side became the first Premier League club to enter administration in 2010 and were consequently deducted nine points on their way to relegation from the top flight.

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