Redknapp vows to help Pompey
Former Portsmouth manager Harry Redknapp has promised to do what he can to stop Portsmouth going out of business. Unless the club's finances can be sorted out by August 10th it will have to close.
Redknapp has said that he will speak to former player Kanu who claims that he is owed £3m in unpaid wages. Redknapp says that he understands why players want money they are owed, but if the club folds they will get nothing.
In the event of liquidation players would no longer be protected by the Football Creditor Rule and would get 1p in the pound at best.