Source: Eurosport
New Pompey owners need cash solution
Portsmouth have issued a statement highlighting the importance of new owner Sulaiman al Fahim finding a "permanent financing solution".
Executive directors of the club are close to securing funding for wages owed to players - but Al Fahim has been told refinancing the club and paying staff on time is ultimately his responsibility.
Pompey's chaotic season took a new twist when some players were not paid this week, although they have been promised their money by the weekend, the latest episode in a takeover that has been surrounding by uncertainty.
"It is very disappointing to all of us that the players have for the first time had to wait for their contractual remuneration for reasons entirely outside the club's control," read a statement from Pompey.
"It is through the joint efforts of the executive directors that we are in the final stages of securing funding that will allow the club to meet these contractual obligations. It is clear that in order to ensure that the club is able to secure its longer-term future, a more permanent financing solution needs to be found quickly as the executive directors consider it an obligation to the club's loyal employees and fans, who undoubtedly feel equally disappointed.
"In order to achieve this we will continue to work closely with the owner's lawyers and associates in delivering the finance that is needed over the next 10 to 14 days. Ultimately the responsibility to deliver this remains with the owner."
