Skip to content
Sunday 26 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,736.23
+0.91%
DAX
25,099.00
+1.36%
CAC 40
8,372.28
+0.88%
STOXX 50
6,280.94
+1.14%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Sunday 01 March 2020 1:00 pm  |  Updated:  Sunday 01 March 2020 6:36 pm

Portsmouth’s fan-led revival reaches new milestone with Arsenal FA Cup clash

By: Michael Searles

Add as a preferred source on Google
Portsmouth FC v Barnsley FC - FA Cup Fourth Round
Portsmouth face Arsenal in the FA Cup fifth round after beating Championship side Barnsley in the previous round

When Portsmouth welcome Arsenal to Fratton Park on Monday night there will be a release of emotions from the almost 20,000 Pompey fans present, many of whom are responsible for the club’s slow but steady revival.

The fifth-round tie is the furthest the club have progressed in the FA Cup since the 2010 final and the match is symbolic of Portsmouth’s upturn, which is in large part down to the relentless work of supporters who have brought the club back from the brink.

It is therefore fitting that this match is in the tournament where they experienced their biggest high in recent history – and against the competition’s most successful side.

Harry Redknapp led Portsmouth to their first major trophy in 58 years when they lifted the FA Cup in 2008. But despite returning to Wembley two years later, off-the-field financial issues and chronic mismanagement had already set in.

Portsmouth FA Cup Final Parade
Portsmouth won the FA Cup in 2008, but things quickly went downhill with club’s finances left in disarray

Disastrous regimes

The club was forced into administration twice in as many years and relegated three times in four seasons thanks to a string of disastrous regimes that saw the south coast side’s debts to reach £135m.

Milan Mandaric left the club saddled with £60m in debt when selling to French-Israeli businessman Alexandre Gaydamak in 2006, who was himself forced to sell following the stock market crash of 2008.

Alexandre Gaydamak owner of Portsmouth (
Alexandre Gaydamak (right) was forced to sell the club when he became unable to repay loans in 2009

A farcical situation descended further into chaos as the club’s ownership passed through the hands of Sulaiman Al-Fahim and Ali al-Faraj, Balram Chanrai and then Russian banker Vladimir Antonov, who was served with a European-wide arrest warrant shortly after becoming chairman.

A second administration and penalty deduction ensued and Pompey suffered back-to-back relegations to England’s fourth tier.

Read more

Fifa World Cup had amazing stadiums, 2035 UK edition must too

Breaking news concept with digital newspaper on tablet and financial graph overlay, symbolizing current events and market ...

Fans save the day

Facing liquidation, the club was ultimately saved by its fans. An acquisition scheme was set up to allow supporters to invest in the club and underwrite the ongoing costs, and in April 2013, the Portsmouth Supporters’ Trust, chaired by Ashley Brown, won the right to take control of the club – but only after a high court battle with previous owners to retain Fratton Park.

It was just the beginning of the rebuilding process. Pompey were initially forced to use a blend of academy and non-league players and train at the local university, and spent four years in League Two before being promoted as champions in 2017.

Portsmouth v Northampton Town - Sky Bet League One
Portsmouth chairman Michael Eisner bought the club in 2017 from the fans for a fee of just under £6m

But under chief executive Mark Catlin the books had finally been balanced and the community-owned club were debt free and on the rise.

Recognising the need for further investment, in swooped former Walt Disney chief executive Michael Eisner.

Pompey fans could have been forgiven for any scepticism about foreign owners, but Eisner’s vision of a self-sustaining club was shared by the supporters, whom he convinced of his desire to become part of the community with a charm offensive that included visiting local pubs.

Under manager Kenny Jackett, Portsmouth are now third in League One and on course to return to the play-offs following last year’s semi-final defeat. They are also set to face Salford in the EFL Trophy final, having won the competition last year.

Tonight’s FA Cup tie with Arsenal is the latest indication of the club’s revival, then, and an opportunity for the fans, who have worked tirelessly to get the club back to this point, to bask in their achievements.

Read more

Starmer took sport freebies worth tens of thousands of pounds while PM

Getty Images logo on a digital screen, symbolizing media content and stock photography for news and business platforms

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Related Topics

  • Football

Trending Articles

  • BT braces for loss of 800,000 customers as it banks on fibre to keep turnaround ‘on track’

  • Wise denied US banking licence in blow to expansion plans

  • Regulator flags BDO’s ‘unacceptable’ audit issues for fifth year in a row 

  • Housebuilder hits a wall: How did Vistry become the UK’s most shorted stock?

  • Greek wine perfectly suits summer. These 5 bottles are the best

More from City PM

  • Fifa World Cup had amazing stadiums, 2035 UK edition must too

    Sport Business
    Breaking news concept with digital newspaper on tablet and financial graph overlay, symbolizing current events and market ...
  • Starmer took sport freebies worth tens of thousands of pounds while PM

    Sport Business
    Getty Images logo on a digital screen, symbolizing media content and stock photography for news and business platforms
  • Deloitte warns of ‘challenges ahead’ for European football despite €40bn milestone

    Sport Business
    Getty Images logo on office building exterior under clear blue sky, representing global media and stock photography company
  • Exclusive: Rugby World Champions Cup set to be mothballed

    Sport Business
    GettyImages 2277832417
  • Why Fifa World Cup players are drowning in commercial red tape

    Sport Business
    GettyImages 2285251650: Business meeting with diverse professionals discussing innovative strategies in a modern office se...
  • Frying squad: England’s World Cup bid fuelled by cooking oil and leftover food

    Sport Business
    Getty Images logo on a digital display, representing the brands impact in digital media and stock photography industry.
  • Ryder Cup adds financial services firm to global sponsorship roster

    Sport Business
    Golfer Shane Lowry celebrating a successful putt on the green with a fist pump and an intense expression.
  • England semi pulls in 24m on BBC but falls short of Euros final

    Sport Business
    Unfortunately, without the specific content or context of the article, I cant generate an accurate alt text for the image....
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook