Source: SKY_Sports
Storrie reveals Pompey fears
Portsmouth chief executive Peter Storrie has revealed the club came close to going into administration before the recent takeover.
The club found themselves in a precarious financial position prior to the takeover saga involving Sulaiman Al Fahim which was finally completed last week.
Portsmouth were forced to sell a number of their top stars, including Glen Johnson, Peter Crouch, Sylvain Distin and Niko Kranjcar this summer in a bid to balance the books.
They were also one of the busiest clubs during the closing days of the transfer window with the likes Tommy Smith, Mike Williamson, Tal Ben Haim and Hassan Yebda, on loan from Benfica, all arriving at the club.
However, Storrie admits the club have been in a precarious position recently as they have attempted to balance the books after living "way outside our means".
"On a couple of occasions it (going into administration) got very close," Storrie said.
"It's something I was personally fighting very heavily against but at the end of the day you can only ask people so many times to give you a little longer to pay things.
"Some of the football clubs and the revenue and agents were being absolutely fantastic and doing a lot of it on my name really and saying 'okay, we'll do it for you Peter'.
"They were being very, very understanding but even they, rightly so, were getting to the point of saying 'how many more times can we do this?'
"I really do want to say a big 'thank you' to all those people helped us so much to get into this position so we're now going forward."
