Portsmouth Look For Short-term Loan

Premier League club Portsmouth’s players and staff should receive their December wages in the next few days if the club’s owners can secure a short-term loan.

The wages should have been paid on 31st December but were delayed amid ongoing financial struggles at the club.

Chief executive Peter Storrie has stated that a short-term loan would resolve the cashflow problem.

‘(The owners) were looking to bring a major bank loan in and that’s what has slowed the process up,’ said Storrie.

‘My understanding is it is additional loans they are currently in the process of dealing with.

‘It is obviously not the best (situation) in the world that you can’t pay the players’ wages.
 
‘My understanding from them is that there is a short-term loan coming in to pay the wages and the players’ wages should be paid on Monday or Tuesday, I believe. That is our understanding.’

Portsmouth have seen Her Majesty’s Revenue and Customs apply for a winding-up order against the club in relation to disputed tax contributions.

The club are also operating under a Premier League transfer embargo.
 
The club’s transfer ban relates to outstanding debts that Pompey owe to Arsenal and Chelsea for the signings of Lassana Diarra and Glen Johnson, who now play for Real Madrid and Liverpool respectively.

And French club Lens have called for Portsmouth to be ‘shut down’ over alleged unpaid debts owed to them for striker Aruna Dindane and defender Nadir Belhaj.

Payment to Portsmouth’s players and staff was also late in September and November.