Portsmouth Denies Debt Rumours

Portsmouth has adamantly denied rumours that it is planning to go into administration after speculation over the club’s finances had surfaced.

The questions around the monetary situation of the club occurred after it was revealed last week that the players had been paid late for a second time this season.

A transfer embargo is also currently in force because of debts to other clubs.

‘I know there is a situation off the pitch, but the people who need to deal with it are dealing with it,’ manager Avram Grant told the media. ‘If the board makes an official statement about this, I have no reason not to believe it.’

Owner Ali Al Faraj, who took over in October, released a statement that strongly enforced that he remained committed to the club, despite the fact that Pompey has seen ownership change hands twice in one year.

Portsmouth has also insisted that chief executive Peter Storrie is not leaving.