Portsmouth debt is £119million, admits administrator Andrew Andronikou

Administrator Andrew Andronikou has revealed Portsmouth's staggering level of debt  is actually around £119million, considerably worse than initially reported, but believes it won't deter any potential takeover offers.Pompey are relegated from the Barclays Premier League following a nine-point deduction after the club was handed into the control of creditors by the crisis club's fourth - and last - owner of the season, Balram Chainrai, who is ALONE owed £14m.That sum is included in the astonishing £105m outstanding to numerous creditors, with an added £14m that must be repaid to clubs for three past transfer dealings. Hard up: Pompey administrator Andrew Andronikou has revealed £119m debtsThe cash-strapped Fratton Park outfit are yet to pay a series of lenders for deals involving Sulley Muntari, Glen Johnson and Jermain Defoe.But Andronikou, who is actively trying to sell the south coast club, is not surprised by the phenonemal levels of debt, despite figures being vastly higher than first reported. Portsmouth striker Dindane given the green light to play in FA Cup finalPortsmouth and Middlesbrough at war over Gary O'Neil's final transfer feeUps and downs: Our guide to the all the promotion and relegation dramaPORTSMOUTH FC

Source: Daily_Mail