OK can someone please explain to me what will now happen to portsmouth FC

[2shoes]

??

In what sense? From a financial point of view or a footballing point of view?

well thay have gone into admininstration, so will that mean no more club?

At least 9 points deducted... the possibility of all other clubs having the points from their results against them removed.
Almost certainly relegation and if they can't come up with the money.. Bye bye!

Administration doesn't mean that a company will close (although sometimes that does happen) - the administrator usually tries to keep the show on the road so he can sell it as a going concern.

No nothing of the football - points - relegation - whatever thingy .

The Same happened to Rotherham United recently as I remember and the fans got money together to keep them afloat, they were relegated still though.

I know not, but BIL works for club so will probably lose his job and dh will come home (fan) in a ripe old mood

they owe about 70 million though, don't they have to pay it back?

That is up to the Administrator 2shoes

this blog explains it well