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The financial mess Portsmouth are in has been laid bare by their
report to creditors which shows they owe £119 million - including
outstanding debts to the milkman and a florist.
The Fratton Park faithful register their
disapproval.
The 70-page document also reveals that a wealth management firm
are owed the princely sum of £1, while a medical firm specialising
in cancer treatment are also due the same amount.
Soccernet revealed on Tuesday that Portsmouth's actual
level of debt was far worse that had been initially thought with
millions owed to numerous creditors, secured and unsecured, with
agents and former players due huge sums.
The club have already been relegated to the Championship after
they were docked nine points for going into administration, and
must now try to reach an agreement with 75% of their creditors to
avoid another points penalty next season.
Their administrator, Andrew Andronikou, gave Soccernet
a preview of the report that revealed there is an outstanding £14
million due on three transfers - those of Sulley Muntari, Glen
Johnson and Jermain Defoe - to a series of money lenders.
Of the £105 million debt, £9 million is owed to 15 agents. In
one deal alone, an agent is owed £2.3 million.
Here is a selection of those owed money by the club,
including milk deliveries and flowers:
£38.2 million - Total owed to previous owners
including Alexandre Gaydamak and Sulaiman al Fahim.
£17.1 million - VAT, PAYE and National
Insurance.
£14 million - Secured loan to former owner
Balram Chainrai.
£3.5 million - Outstanding transfer fees owed
to Tottenham for Kevin-Prince Boateng and loan signing of Jamie
O'Hara.
£3.3 million - Outstanding transfer fee owed to
Udinese for Sulley Muntari.
£3.04 million - Unpaid image rights to players
including Sol Campbell and Lassana Diarra.
£2.8 million - Outstanding transfer fee owed to
Rennes for John Utaka.
£2.07 million - Payment due to super-agent Pini
Zahavi.
£1.02 million - Outstanding transfer fee owed
to Chelsea for Glen Johnson.
£282,000 - Unpaid bonus due to Peter
Crouch.
£917.81 - Hampshire Flag Company.
£810 - Framing Art Mirrors.
£313.31 - Dairy Crest.
£87.50 - Co-operative florist.