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Pompey cash could run out before end of season, says administrator
PORTSMOUTH may not be able to finish the season, the club’s administrator has warned, after learning they will not receive any more parachute payments from the Premier League.
The payments, made to help teams adjust to relegation from the top flight, will instead go to Pompey’s former owner Sacha Gaydamak, who is owed money by the Championship club.
Administrator Trevor Birch said: “We previously stated there was a real danger of the club running out of cash before the end of the season. The risk of this increases substantially without the money from the football authorities.”