Transfer embargo for Portsmouth

29 October 2009 09:51
The Premier League have confirmed they have placed a transfer embargo on Portsmouth.[LNB]It means Paul Hart will be unable to bring any new players in to Fratton Park until further notice as he seeks to save the troubled club from relegation.[LNB]Premier League spokesman Dan Johnson said: "We can confirm there is an embargo on Portsmouth registering any new players."[LNB]Saudi businessman Ali Al-Faraj bought 90% of Portsmouth from former owner Sulaiman Al-Fahim earlier this month after he failed to raise the cash needed to pay the players' September wages.[LNB]Further questions have since been asked about the club's finances after Israeli mogul Levi Kushnir and Hong Kong-based Balram Chainrai emerged as potential investors in the club. They have been linked with making a £15million loan, which would be secured against Pompey's assets.[LNB]Al Fahim's investment group - Al-Fahim Asia Associates Ltd. (AAA) - only completed their takeover of the club in August but his brief time in charge was beset by financial problems.

Source: Eurosport