PL to hold back £2m Pompey cash

02 February 2010 16:38
Chelsea and Watford will both receive cash owed from when financially-stricken Pompey signed Glen Johnson and Tommy Smith respectively.[LNB]Once the players' wages have been covered, the £4million remainder from the £8million Portsmouth earned from selling defender Younes Kaboul and keeper Asmir Begovic could be an important lifeline.[LNB]The club will use a chunk of the cash to try to persuade HM Revenue and Customs to reschedule the payments on the £7.5million owed in VAT.[LNB]However, another creditor has also joined in with HMRC's winding-up petition to the High Court on Wednesday next week.[LNB]Grosvenor Basingstoke Properties are claiming they are owed money by Portsmouth though that is being disputed by the club.[LNB][LNB] Fulham 4/6, Draw 13/5, Portsmouth 9/2  

Source: Team_Talk