Portsmouth's administrators have today revealed the relegated Premier League club now have debts of £135M. Of course in February Portsmouth, who have always been a well supported club on the south coast of England, became the first Premier League club to enter bankruptcy with debts at that time said to be between £60M-£70M.

Liverpool co-owner Tom Hicks believes there are many parties throughout the world interested in buying the football club, although he believes the eventual new owner is most likely to come from the Middle East or Asia.
Hicks, along with fellow American George Gillett, is under heavy pressure to sell the Merseyside outfit as soon as possible, after a three-year tenure that has seen the club heaped with debt, fail to start work on a new stadium and fall off the pace in the Premier League.

American goalkeeper Tyrel Lacey is still in shock from the news of his club's bankruptcy after Oslo-based FC Lyn announced that it would be closing its doors.

A much higher than anticipated amount of £119 million is owed by Pompey to a fleet of owners, players and agents.

Andrew Andronikou, Pompey's administrator is floating a document that will settle on a lower amount of debt from the unsecured creditors like the owners and agents. Amongst them Sacha Gaydamak, the previous owner owed to the tune of £30.

The Cesc story won't go away and it's a pain just looking for any news because every other headline and article is about some or the other unsubstantiated rumour. One way or the other I hope it gets settled soon and we don't sell ourselves short, if we are forced into selling. Beyond that I will not comment on this madness anymore.

IMS has been receiving tips the last 3-days about worrying events concerning soccer in both St. Louis and Baltimore.

Jeff Cooper

Earlier today a rumor website claimed that NASL officials were in Phoenix and San Antonio last week to discuss potential expansion of the league in 2012 .

Real Mallorca who did so well in the Liga almost qualifying for the Champions League are heading to bankruptcy. The club has run up debt amounting to 60-70 million euros and are struggling to pay the tax bill and the salaries of the players and the coaching staff.

Mallorca's owner Mateo Alemany, is confident that this is a temporary situation and called voluntary administration, a solution not a problem.

Moved to Front Page as this rocks

So, Blaise Nkufo (pronounced Kufo, often misspelled N'Kufo) will soon be a Sounder. I'm only just now beginning to follow the Sounders, but as a Dutch native (Feyenoord Rotterdam fan), I have been in a good position to admire FC Twente and Blaise Nkufo.

Do you like self-congradulatory columns with a hint of smugness? In that case, you're in luck! In a tradition stretching back to never before, let's take a look at the predictions made in our Veikkausliiga preview package in April and see where we are. How has the season unfolded? Who gets the last laugh?

By Ollie Irish

Holding up a football is just a cunning strategy to detract attention from Garland's enormous and unnecessary combover. When you have enough hair for 11 men, why would you opt for a combover style? Mysterious. I call this the Executive Combover Deluxe.

Joe Cole is a man who started the season with a few pundits looking at his odds of winning premier league (http://news.ladbrokes.com/en-gb/football/premier-league/premier-league-betting.html) Player of the Year trophy as a decent shout.
However, since the start of the new campaign, he has become simply a player who would love just to experience a fleeting moment in which he can prove to Liverpool fans that he really is worth the extortionate amount of money that the club are paying him to stay on their books.

Alan Moore, Not A Patch On Harry Lyon. Tom Cleverley.

I'll probably go to my grave ever so slightly annoyed that Preston got first goes on David Beckham. Ok, we'd had Keith Gillespie on loan a couple of years earlier but he never announced his arrival on the big stage with a goal from the half way line, become England's most capped outfield player or marry a Spice Girl.