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Pompey tried to recoup £1m from Potters

Pompey tried to recoup £1m from Potters

It's been revealed that Portsmouth tried to increase the fee for Asmir Begovic in a vain attempt to repay a £1m debt to Tottenham.

Pompey's financial woes are far deeper than even first feared and it now seems that Tottenham paid them £1m upfront in anticipation of Asmir's move to Spurs which fell through when he opted for the Potters instead.

It seems to have been a highly unusual arrangement and, of course, it instantly disappeared into the massive blackhole that is Pompey's financial crisis.

Knowing that they'd have to pay Spurs back, they desperately tried to force us to pay an additional £1m on the top of the £3m that had been agreed but Peter Coates, quite rightly, refused to pay.

Spurs have now been forced to stand in line with the many other creditors but seem unlikely to see much of the 'loan' returned - if any.

This deal between Portsmouth and Spurs seems very murky and Stoke have promised to assist should the League and FA decide to investigate further.



Click here to join in the debate on the club forum.

Writer:Chris Baldwin
Date:Friday April 23 2010
Time: 6:30PM

Comments

0
It wasn't 'murky' at all, we agreed with Pompy to sign both Begovic and Kaboul for an agreed total fee, Kaboul had agreed terms and Begovic had already visited the training grounds and had his medical. To help out Pompy the money was then paid as all seemed signed and sealed, Pompy and Spurs had dealt before so trust was already there. Then out of the blue and well within his right Begovic moves to stoke, Pompy don't have the money left and there you go!
stu_u2k
23/04/2010 19:06:00
0
All football creditors are guaranteed all monies to be paid, the money will be paid
paultsmouth
23/04/2010 19:21:00
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