With the transfer of Younes Kaboul to Spurs apparently going ahead for around £6m, even though the transfer of Asmir Begovic has fallen through, Portsmouth look to have escaped going into administration for the time being. Without this injection of funds the beleaguered club could not have paid the £1.75m wage bill due at the end of the month. The transfer embargo on the club has been partially lifted, but they are allowed to sign players only on loans or free transfers.
With the transfer of Younes Kaboul to Spurs apparently going ahead for around £6m, even though the transfer of Asmir Begovic has fallen through, Portsmouth look to have escaped going into administration for the time being. Without this injection of funds the beleaguered club could not have paid the £1.75m wage bill due at the end of the month. The transfer embargo on the club has been partially lifted, but they are allowed to sign players only on loans or free transfers. The club received very little of the £1.6m reported to remain from their share of the television payout, with the League setting some aside to pay Watford and West Ham United instalments due on the transfers of Tommy Smith and Hayden Mullins respectively. Portsmouth still face a winding-up petition from Revenue and Customs on February 10 and there are fears of a Crystal Palace scenario with administrators being called in the day before the winding-up petition was due to be heard.