Portsmouth are in Administration

So what does this mean?
Peter Storie will continue to take a salary till their sold. They still can't sell players till June. Gaydamak, not sure which one, still owns the surrounding land. Creditors are still lineing up demanding money with menace. As long as the club have assetts they are still liable to their debts. Who would want to buy Portsmouth? Portsmouth will see out the season, but next year I wouldn't be suprised if they were playing in the conference (at best) playing their games out of the combined services ground in Portsmouth. Other than a billionaire investor coming in, Portsmouth will struggle to sell enough assets to cover their costs at any level of the football league. They have the 47th largest stadium in England and in terms of facilities it wouldn't even be the best in league 2. Portsmouth FC is in need of a rebirth, the fans should be hoping for a short labour.