Pompey fail to pay players' wages again - BBC

Football club Portsmouth confirm some players haven't received Nov salaries.
Pompey fail to pay players' wages again - BBC
By Neeraj Gangal
Fri 04 Dec 2009 01:41 PM

Football club Portsmouth have confirmed that some of their players have not received their November salaries, the BBC reported on its website on Thursday.

This is the second time this season they have not been paid on time, the site added.

A Pompey statement read: "The majority of the first team squad have not yet received their November salaries.

"A proportion of their wages will be paid on Friday, with the club's new owners working towards paying the remainder over the next few days."

The Premier League side's squad were also paid late for September.

Portsmouth Football Club has been forced to arrange an emergency loan to cover players’ wages, officials had said in a statement in early October.

Therafter, Saudi property tycoon Ali Al Faraj completed his takeover of the Portsmouth club. Al-Faraj has a personal holding in petrochemical giant Saudi Basic Industries Corp (SABIC).

Under the deal the UAE's Sulaiman Al Fahim had sold 90% of his shares in the club to Falcondrone Limited, a company owned by Al-Faraj.

A statement on the Portsmouth website had then said: "The takeover will ensure Portsmouth's future is safe and will bring financial stability."

In November, Portsmouth’s new owners completed a re-financing of the club through international institutions, which was aimed to bring it much needed stability.

The club’s chairman Sulaiman Al Fahim and representatives of the owner Ali Al Faraj met in November to finalise the new arrangements, which will see the club clear its debts – and as a result have a ban of transfers lifted by the Premier League.

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