Pompey debt revealed

Published Add your comment

Portsmouth's administrators have revealed the extraordinary level of the club's debts.

A 70-page document sent to the club's known creditors details how Portsmouth owe £38.2million in unsecured loans to former owners and have a tax bill of £17.1million.

Portsmouth owe £17.3million in outstanding transfer fees. Rennes were receiving over £630,000 a month for John Utaka, while Glenn Johnson's transfer fee from Chelsea was still being paid.

The club owe £10.35million to finance companies, who assisted with the signings of Johnson, Jermain Defoe and Sulley Muntari. Portsmouth owe £9.76million to 26 agents, including just over £2million to the so-called super-agent Pini Zahavi.

Nine players, including Sol Campbell, Sulley Muntari and Niko Kranjcar who are no longer at the club, are owed a combined total of £3.04 million in image rights.

Portsmouth also owe bonus payments to 28 players, including Peter Crouch and David James, totalling £1.86million.

The club are still owed money from the sale of Johnson to Liverpool, Defoe to Tottenham and Muntari to Inter Milan.

Portsmouth became the first Premier League club to be placed in administration earlier this year.

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:

Premier League

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again