Portsmouth like Cardiff city is a football club yes, but both are businesses and have to be run accordingly.
Budget..........Profit and loss statistics?......Just a sign of the times, things have gotten out of control and it will take its toll. Liverpool for instance....I'll be personal and say i didn't think this would happen to a huge club, but the evidence is there and again poor management is the key factor.
Unless you have billionaire owners then you're pretty much fucked! God bless Vincent Tan and his consortium