Thursday 1 October 2009
• Portsmouth blame 'delay in the transfer of funds' after takeover
• Club says players will be paid within the next 48 hours
Portsmouth have admitted some players have not been paid this week, blaming "a delay in the transfer of funds" following Sulaiman al-Fahim's recent takeover. The players are expected to be paid wages owed to them in the next two days, the club has said.
"Portsmouth FC can confirm that the first-team squad and executive board was [sic] not paid yesterday," read a club statement. "The club is currently being refinanced by the owner Sulaiman al-Fahim following the recent completion of his takeover.
"There was a delay in the transfer of funds but the lawyers have received confirmation that this will happen today which will enable the players to be paid within the next 24 to 48 hours. The players have all been informed of the situation.
"The executive board will continue to help the new owner in his efforts to refinance which has come about as a direct consequence of the banks' requirements to retain all television receipts and profits generated during the transfer windows."
http://www.guardian.co.uk/football/2009/oct/01/portsmouth-premierleague