For the billionaire that has everything: an EPL team that's about to go bankrupt

Sitting in 20th place, out of 20 teams, it has been an awful season for Portsmouth and things appear to be getting only worse.

Basically, if the team doesn't find a new buyer by Friday, they'll lose nine points in the standings (not that it really matters) and they'll be forced into relegation.

Immediately after the news broke, Portsmouth's fraught chief executive Peter Storrie, exhausted by the relentless work trying to keep the club out of administration, gave his first interview to Soccernet, and told me: "It's sad, really sad, of course its a sad day for the club.

"After all the efforts we have put in to save the club, to keep the club alive, at least the club will survive, but its such a shame it cannot carry on in the same way, that cannot happen. Maybe if the Revenue hadn't brought the action that they did, we might have carried on, who knows?

ESPN Soccernet had been predicting this financial nightmare since September and it seemed a certainty after the EPL wouldn't allow Portsmouth to sell off some of its players after the designated transfer window.

When it comes to business, I am not your go-to source but on a human level, I think we can all relate that it has to be heartbreaking to see your favorite team crumble like this. Remember, they're not going to be destroyed but getting relegated and struggling to find potential buyers are not good signs for a team trying to stay above water in the best soccer league in the world.

So pour out a cheap lager for Portsmouth tonight. As a side note, the guy in this picture above probably isn't doing too well at the moment.

http://soccernet.espn.go.com/news/story?id=746083&sec=england&cc=5901