After former Birmingham chief David Gold claimed in the papers that it was “odds on” that a Premier League club would go to the wall, Paddy Power have confirmed his suspicions, pricing Portsmouth at 1/5 to be the first club to go into administration.
Paddy Power has put Pompy, struggling with poor form on the field and a sorry looking bank balance off it, as the odds-on favourite to go into administration before any other Premier League club before the start of the new season.
Hull City and Burnley are next in line at 8/1 with West Ham close behind at 10/1.
The first of the big four to call in the administrators is, in Paddy’s eyes, most likely to be Manchester United. With doubts still surfacing over the debt secured on the club by the American Glazer family, the bookie is offering 16/1 on the accountants heading to Old Trafford as their first port of call.
Another club with unpopular American owners is Liverpool and they are behind their North West rivals at 18/1.
There’s thought to be no money worries at White Hart Lane, the City of Manchester or Emirates Stadium however, with Spurs, Man City and Arsenal all out at 500/1.
Darren Haines, spokesman for Paddy Power, kept everyone guessing however, claiming: "It won’t be a surprise to Pompey fans to see they are currently the favourites but if Sullivan is to be believed who’s to say some other club might hit the buffers first?"