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Building D5
Fairoaks Airport
Chobham
Surrey
GU24 8HU
Tel: 0871 399 0089
Fax: 01276 858010
View map
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Premier League to pay TV money to Portsmouth's creditors
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The Premier League will use £7 million in television revenues due to financially-stricken Portsmouth FC to pay debts the club owes to other Premier League teams.
The move is allowed under Premier League rules protecting clubs that are owed money from player transfers. Chelsea, Tottenham Hotspur and Watford are in line for a share of the payment. Portsmouth only managed to pay its non-playing staff their December wages yesterday, after securing a short-term bank loan. The players are expected to be paid their December wages this week. Portsmouth remains under an embargo stopping it from signing any new players. Fans are planning protests against the club's owner, Saudi businessman Ali Al Faraj. |
