Premier League chief washes hands of Pompey's debt problems
By Site reporter
Wednesday 21 Apr 2010 22:05:00
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The man in charge of the Premier League has washed his hands of any responsibility for Pompey’s estimated £120m debt – even though the league’s fit and proper person test failed to spot a series of owners buying the club with no money.

Premier League chief executive Richard Scudamore was quick to say the financial mess which has engulfed Fratton Park was nothing to do with him.


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In a Harry Redknapp-style I-must-distance-myself-from-this monologue, Scudamore told the Daily Telegraph: ‘I'm on record as saying in January that if a club, whilst in the Premier League, went into administration it would be down to bad management at the club. And it is.

‘If you start the season knowing you're going to get between £30 million and £50 million as a starter from the Premier League, through the year, it is entirely possible to get yourself organised so you don't get into the difficulties that Portsmouth got into.

‘It is one of the great balancers of our league. All the money is distributed evenly, so Wigan and Burnley this season will have earned as much international television exposure as Manchester United, Chelsea and Arsenal.

‘That's an important redistribution mechanism - and that's what stands us out from the other leagues in Europe, particularly the Spanish.’

Some will believe Scudamore has a valid point, but he either was not asked whether the Premier League could have helped Pompey see trouble coming, or he did not explain why they didn’t.

His words came on the day the administrators’ detailed report on who Pompey owe and what they owe was made public, revealing the total debt is now estimated at £120m.

Administrator Andrew Andronikou told the Telegraph the figure could well change ahead of a creditors’ meeting at Fratton on May 6 where the club’s future will become much clearer.

He said: ‘Once the report goes out to creditors, it will give the creditors an opportunity to write back and actually specify exactly what we do owe them so there may be a further variation in that figure.

‘It could go higher it could go lower. There is nothing better than having a third party confirm the exact balance between the club and the creditors.

‘As far as I'm concerned the document is as accurate as we can get it to date. The process of sending out this report and the process of communicating back will certainly iron out any differences between the two parties.’

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