Premier League won't bail out Pompey

PORTSMOUTH have been told by Premier League chiefs that they will not bail out the club despite its financial problems.

PORTSMOUTH have been told by Premier League chiefs that they will not bail out the club despite its financial problems.

Pompey owner Balram Chainrai met with Premier League chief executive Richard Scudamore and general secretary Mike Foster yesterday and told them the club is likely to go into administration on Friday.

Scudamore outlined to Chainrai the payments that would be due to the club if they are relegated.

A payment of �5million from television money will become available before the end of the season and, following relegation, parachute payments of �16million per year for two years.


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