Isn't the whole point of the parachute payment system to help clubs deal with the very situation Pompey now find themselves in?
i.e. to cushion the blow between lower league income versus higher league wages.
(ok, I know Pompey are an extreme example of this scenario but you get my drift...)
Ergo, how come the parachute payments aren't ring-fenced to pay off the players (as per the intention of said payments) rather than the club and administrator bleating on about how the players need to forego what they are due from this very same safety net?
I'm probably missing something simple here but for Pompey to effectively be saying: "We're not going to use the remaining parachute payments for the purposes for which they were designed" is surely breaking the Premier League's own terms and conditions of use?
Shirley?