Wolves manager Mick McCarthy is not surprised that Portsmouth are currently enduring financial meltdown after having first-hand experience of their transfer policy in the last few years.
Pompey remain in danger of going into liquidation because of the horrific debts they have accumulated and face a potentially crucial date in the High Court on March 1.
McCarthy has revealed that he has lost out on the captures of two players in the last few years because they were offered more lucrative contracts at Fratton Park.
He said: "We had a player in my office and wanted to sign him, but couldn't match the deal being offered down there. It would be grossly unfair to name the player.
"Then another one we were trying to sign and were negotiating with also ended up at Portsmouth, on a deal we wouldn't be prepared to give him.
"It doesn't make me feel bitter, not at all, but it's cock-eyed football that's allowed to get so much in debt.
"Liverpool spend hundreds of millions, Manchester United do. I might as well start whinging about it being an unfair playing field with them.
"But if someone is prepared to run their business and keep spending a pound more than they earn, you know it's a recipe for disaster at some stage. It's got to be."