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Page last updated at 12:15 GMT, Thursday, 29 May 2008 13:15 UK

Storrie defends Pompey wage bill

Portsmouth chief executive Peter Storrie
Storrie claims the extra TV money goes towards wages (Getty)

Portsmouth chief executive Peter Storrie has defended the club's 49% wage bill increase for the 2006/07 season to almost £37m.

A report showed Pompey had the second highest increase in the Premier League, behind Reading, that season.

Storrie told BBC Radio Solent: "The list collates pretty much to where teams finished in the league.

"That is the reality of the game. If you want to have the quality we have got then you've got to pay the money."

Portsmouth finished ninth in 2006/07 and finished eighth last season before winning the FA Cup.

If we had a bigger stadium we would be far better off, but at the moment it means a lot of continued investment from the owner

Portsmouth chief executive Peter Storrie

He added: "It's the old story that happens every time. Each time the TV contract goes up people think clubs make a lot of money.

"But the reality is that it goes on improving the squad and the players, so as income goes up, salaries go up.

"We do it quite well with one of the smallest stadiums in the country. If we had a bigger stadium we would be far better off.

"But at the moment it means a lot of continued investment from the owner."


see also
'Record' Premier League wage bill
28 May 08 |  Business
Real top Man Utd in rich league
14 Feb 08 |  Business
Redknapp promised transfer kitty
18 May 08 |  Portsmouth


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