Pompey hit out at Match of the Day trio over debt queries
By Site reporter
Monday 22 Feb 2010 18:55:00
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Peter Storrie has hit out at the likes of the Match of the Day panel for questioning what Pompey have done with the millions they have made from player sales – saying no sum has disappeared.

He spoke out as he continued work to try to gain proof that the South African consortium bidding to become Pompey’s fifth owner of the season did have the funds they claimed to have.


Storrie was clearly upset by criticism of the club’s finances such as that levelled at them on Match of Day after the 2-1 defeat to Stoke. Storrie told ESPN: ‘If you want to know where the money has gone, look at the accounts. It's no secret, we've had the report submitted to the courts. It's there for all to see.

‘The bulk of the money has gone to the players in wages. The cost of the players' wages this year is £37m. Last season, when it was running at its height, it was £52million, and the year before it was £42m. The vast majority of the money over the last two to three years has gone on players' wages, and also on their transfer fees.

‘It's all very well for Gary Lineker, Alan Hansen and Mark Lawrenson to look perplexed about where the money has gone by showing a chart of the players we've bought and looking at that £75m and adding that to £70m of debt and asking 'where's the £150m gone?'

‘In that period we bought £50m-plus worth of players and paid out their salaries. The list showed one player sold for £18m, but they never took off the £4m sell-on fee to Arsenal or the fact that we paid £4m for him, so in reality we were paid £10m not the £18m shown, and that is just one example.

‘I am fed up with everyone highlighting the debts without ever bothering to look at the assets of this football club. The assets of this club are its players, their value in the transfer market, and there are some players who we would value very highly. There is then the potential for 100,000 square foot of supermarket. You can imagine what that would be worth.’

Storrie added: ‘It's going to be a hectic few days. I am heavily in discussions and not been off the phone all day today again. The next couple of days could prove crucial, it's going to be a very busy next 48 hours.’

Earlier, Pompey confirmed they had accepted Sulaiman Al Fahim's resignation as non-executive chairman.

Al Fahim announced he was to stand down from the board and was happy give his 10 per cent shareholding to the Portsmouth's Supporters' Trust – an offer the trust are still considering.

Pompey director of communications Gary Double said: 'We have received his resignation, which has been accepted by the board.'

Al Fahim claimed he had not been made aware of the club's financial situation.

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