Portsmouth's financial troubles deepen
Wed 20th Jan 2010 | Football Club Administration
Former Portsmouth defender Sol Campbell is suing the Premier League club for unpaid fees and bonuses.
The 35-year-old, now at Arsenal, claims he is owed £1.7m in image rights and bonus payments following three seasons as a player at Fratton Park.
"The matter is being dealt with by our lawyers," said a club spokesman.
Beleaguered Portsmouth are preparing to appeal against a winding-up petition from Her Majesty's Revenue & Customs following a High Court judge's ruling.
The south-coast club argued the VAT part of its tax bill was too high, but Mr Justice Newey dismissed the claim and the hearing is expected to go ahead on 10 February.
The 2008 FA Cup champions also owe about £10m to clubs in the Premier League and abroad and are currently barred from signing new players because of a Premier League transfer embargo.
Meanwhile, chief executive Peter Storrie has appeared before Southwark Crown Court accused of one count of cheating the public revenue between 1 July 2003 and 28 November 2007.
The details of Storrie's charge claim he "cheated the public revenue" over a signing-on fee during midfielder Amdy Faye's move from Auxerre to Portsmouth in 2003.
Fri 19th Feb 2016 | Football Club Administration
Bolton Wanderers have today confirmed the sale of its Euxton training ground to ‘another North West football club’. The Championship club have debts totalling £172.9m and are...
Fri 11th Dec 2015 | Football Club Administration
Northampton Town Football Club has confirmed that the application for administration has been officially withdrawn. Legal agreements had been reached this week between the club and Northampton Borough...
Thu 10th Dec 2015 | Football Club Administration
Bolton Wanderers have been handed a winding up petition by HMRC it’s been confirmed. The club, who are currently bottom of the SkyBet Championship, have debts of over £170m and have failed...