THE RISE AND FALL OF PORTSMOUTH
Former director of football Harry Redknapp replaces Graham Rix as Portsmouth manager, leading the club to the Division One title just over a year later.
Redknapp kept Portsmouth in the Premier League in 2003-04, but resigns as boss after a disagreement with owner Milan Mandaric over the appointment of Velimir Zajec as director of football.
After Zajec and Frenchman Alain Perrin have brief spells in charge Redknapp returns having led arch rivals Southampton to relegation from the Premier League. Redknapp, aided by the takeover of Pompey by Alexandre Gaydamak, sees the club survive.
Having led Portsmouth to within a point of European qualification in 2007, the good times continue to roll for Redknapp as Pompey win the FA Cup for the first time since 1939 with a 1-0 victory over Cardiff.
Redknapp leaves for a second time but Tony Adams, stepping up from an assistant role, manages an historic 2-2 draw with Italian giants AC Milan in the UEFA Cup at Fratton Park a month later.
Adams is dismissed in February but former youth team coach Paul Hart leads Pompey to safety before they are bought by United Arab Emirates businessman Sulaiman Al Fahim.
Despite the sales of top earners like Peter Crouch, Sylvain Distin, Glen Johnson and Niko Kranjar, the club admit some of their players have not been paid. Portsmouth are bought by Ali Al-Faraj, with Al-Farim retaining a ten per-cent stake, and two days later former technical director Avram Grant returns as director of football.
Grant replaces Hart as manager in November with the club bottom of the Premier League but a month later HMRC file a winding-up petition. This is dropped, but new owner Balram Chainrai places the club into administration to avoid liquidation.
Despite relegation Portsmouth reach another FA Cup final, losing 1-0 to Chelsea. Grant steps down soon after.
Portsmouth administrators agree a CVA and bring the club out of administration. Chainrai completes his takeover.
Portsmouth issue a statement saying it appears likely the club will now be liquidated, but key creditor Alexandre Gaydamak announces the next day that he has reached an agreement which could save their future. Hours later Portsmouth come out of administration, with Chainrai regaining control of the company.
Steve Cotterill arrives as manager and leads Portsmouth to 16th in the Championship.
Convers Sports Initiatives, owned by Russian Vladimir Antonov, complete their takeover of the club. Cotterill joins Nottingham Forest in October and coaches Stuart Gray and Guy Whittingham step in. Michael Appleton arrives in November.
A warrant is issued for Antonov by Lithuanian prosecutors investigating alleged asset stripping at Lithuanian bank Bankas Snoras. Antonov is arrested and resigns as chairman the same month.
Portsmouth are issued with a winding up petition by HMRC for more than £1.6 million in unpaid taxes.
Portsmouth go into administration for second time in two years, bringing them a ten-point deduction.
Reports from administrators PKF reveal Portsmouth are £58 million in debt. Ten days later Pompey are relegated.
Portsmouth start League One with their entire playing squad leaving and are deducted ten points a month after Appleton leaves to take over at Blackpool, Whittingham becomes caretaker boss.
Portsmouth exit administration when the Pompey Supporters’ Trust’s bid to buy the club is completed. Whittingham made fulltime boss despite relegation to League Two.