More Money Problems at Pompey
Portsmouth are at the centre of yet more financial issues in the football world, only this time they’re on the receiving end of it.
Reports both on the south coast and in Italy have suggested that Portsmouth have reported Italian outfit Genoa to the football authorities over a failure to meet a deadline to pay a proportion of the transfer fee for German born, Ghanaian attacker Kevin Prince-Boateng.
It is understood that the total fee for the players’ registration was around £5.85m over deferred terms and that Genoa missed the 6 September deadline to pay a £1.2 million instalment and there’s uncertainties over whether or not they’ll be in a position to pay the next instalment in early October.
The reports have prompted an announcement from Administrator at Pompey, Andrew Andronikou.
"Genoa were due to pay the first instalment two weeks ago," he told The PortsmouthNews.
"We've been listening to excuses. We've had enough.
"We complained last week on the 15th and got a response saying 'sorry, we mistook your bank details'.
"A week later, it doesn't look like the cheque has even hit the post.”
Posted at 02:57PM Sep 24, 2010 by Marc Stenton in Insolvency | Comments[0]
