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Page last updated at 17:15 GMT, Tuesday, 2 February 2010

Portsmouth provide players & staff with wages assurance

Portsmouth manager Avram Grant
These are troubling times for Pompey and their manager

Cash-strapped Portsmouth will complete payments to players and staff on Wednesday, BBC Sport understands.

Pompey have been late paying wages four times this season, but debts of £60m were helped with the £3.5m sale of goalkeeper Asmir Begovic on Monday.

The club also faces a winding-up order on 10 February for unpaid taxes.

And the club's financial woes have continued with the news that the Premier League will hold on to more than £2m from player sales in January.

This is to cover money owed to Chelsea and Watford for the signings of Glen Johnson and Tommy Smith respectively.

The south coast club have been through a torrid time with their perilous financial position and have been forced into considering offloading their best players.

On transfer deadline day, their finances were helped to some extent thanks to a number of transactions.


These included Stoke completing a deal for keeper Begovic on a four-and-a-half-year contract, striker David Nugent's loan deal being extended at Burnley, while Tottenham re-signed central defender Younes Kaboul.

However, another creditor has also joined in with HMRC's winding-up petition to the High Court on Wednesday next week, with Grosvenor Basingstoke Properties the latest to claim they are owed money by Portsmouth - though that is being disputed by the club.

And Portsmouth are also involved in a separate dispute with former owner Sacha Gaydamak over whether they have missed a deadline in paying a £9m chunk of the £28m they owe to him.

It is thought it is unlikely, however, that Gaydamak will take any action to push the club towards administration because that would not be in his best interests in terms of getting his money back.

The financial problems have also impacted upon the hierarchy at the club, with chief executive Peter Storrie and manager Avram Grant claiming last week that they had been unaware of negotiations concerning the sale of Kaboul and Begovic.

I'm very very disappointed with the situation and very disappointed with what people promised me But this is the situation.

Avram Grant

Grant, who took over the managerial reins in November, once again expressed his frustration with the ongoing problems but refused to walk away from Fratton Park.

"It's not easy because we are bottom of the league and what's happened," the Israeli said. "We are just trying to do our job on the pitch.

"I'm not a quitter. I am not afraid of problems. For me, problems are a challenge and I came here with a big challenge.

"I'm very very disappointed with the situation and very disappointed with what people promised me. But this is the situation. The football side is better than I thought but other things are not what I expected."

Grant returned to Fratton Park in October last year when he was named as the club's director of football, a position he previously held in 2006-07 and became manager last year when Paul Hart was sacked following a poor start to the Premier League campaign.

Former defender Sol Campbell is also suing the club for £1.7m for unpaid image rights.

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see also
Stoke sign Pompey keeper Begovic
01 Feb 10 |  Stoke
Storrie refuses to quit at Pompey
29 Jan 10 |  Portsmouth
Portsmouth sign Kaboul from Spurs
11 Aug 08 |  Portsmouth
Portsmouth transfer embargo ended
26 Jan 10 |  Portsmouth
Pompey reported over Muntari deal
21 Jan 10 |  Portsmouth
Storrie in court over tax charge
20 Jan 10 |  Hampshire
Pompey 'working hard' to pay debt
15 Jan 10 |  Portsmouth

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