Portsmouth debts close to ?120m

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  • xman
    Admin
    • Sep 2006
    • 24007
    #1

    Portsmouth debts close to ?120m



    Portsmouth's administrators have revealed the relegated Premier League club's debts are close to £120m.A letter published on the administrator's website reveals exactly what is owed, including players' wages, transfer fees and unpaid taxes.

    Portsmouth became the first Premier League club to enter administration earlier this year, with debts reported to be between £60-£70m.

    However, an updated figure reveals the actual debt to be close to double that.


    More to follow.This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.


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