Pompey debts increase

(GSM) – Portsmouth’s administrators claim the relegated club’s debts now stand at a staggering £138million. Last month, it was announced that the debts were approximately £120million.

However, now it has been revealed that the debts have risen substantially. The creditors were invited to Fratton Park to finalize a debt-repayment plan. The plan will allow Portsmouth to emerge from administration.

However, the full scale of their financial problems have been revealed to show the side are in even deeper trouble than first thought.

The FA Cup finalists are still searching for new owners after falling into administration last February.