Source: Telegraph
Portsmouth finally pay players but financial pressure increases
The players received their wages eight days later than they should have after the owners secured a short-term loan to cover the payroll. A winding-up order from HM Revenue and Customs is due to be heard in early February and Gaydamak is due to receive a £9 million payment at the end of this month.[LNB]The former owner insisted on Thursday that he had no intention of writing off the debt, saying: "I expect to be paid."[LNB] Related ArticlesPortsmouth fail to pay team againPortsmouth crisis Q&ATransfer ban stands for PortsmouthGrant plans series of loan deals for PortsmouthPortsmouth player sale hit by lack of interestSport on televisionGaydamak has become increasingly frustrated with Portsmouth's new owner, Ali Al-Faraj, and the consortium of businessmen who advise him, and says he has not had even a phone call to inform him when and if he might get paid. Gaydamak still owns a piece of land adjacent to Fratton Park that is fundamental to any redevelopment of the site, and is hanging on to it as security. [LNB]The new owners failed to negotiate an option on the land when they bought the club, something Gaydamak described as "an oversight".[LNB]"The land needs to be with the club one way or another," Gaydamak said.[LNB]"It is of little or no commercial value to me. The club needs it to develop the stadium. But if the new owners are genuine, you have to ask why they did not take over the option?" [LNB]
