Pompey’s unlocked account means wages will be paid

17/2/2012 (PM)''A meeting was held with new Portsmouth FC Administrator Trevor Birch at Fratton Park on Friday 17th February 2012.''Pictured is: Trevor Birch at Fratton Park on Friday evening.''Picture: Sarah Standing (120580-7881)
17/2/2012 (PM)''A meeting was held with new Portsmouth FC Administrator Trevor Birch at Fratton Park on Friday 17th February 2012.''Pictured is: Trevor Birch at Fratton Park on Friday evening.''Picture: Sarah Standing (120580-7881)

Chaplin sends Pompey Reserves into Premier League Cup

0
Have your say

Pompey’s players and staff are to receive February wages.

However, Trevor Birch does not yet know when January’s outstanding pay packets will be handed out.

The Blues’ bank account has been now been unfrozen after entering administration. Money is also owed from UHY Hacker Young.

That totals £2.5m, which will effectively see the club through until a new owner can be found.

Mr Birch will now seek to settle some of the club’s debts, including outstanding gas and electricity bills.

And contributions will also be made towards February’s wages, due at the end of this month.

He said: ‘We are going to have to just try to eke the costs out to get us through until the end of the season.

‘It’s not going to be easy, but we have got to try to give ourselves the best chance of selling this club as a going concern rather than shutting the doors now.

‘We are going to have to look closely at the cost base and employees and so on and so forth. Players and staff weren’t paid in January, so we are looking at the situation to see what cash we have got.

‘In the meantime, they have got wages due at the end of the month so whatever happens there will be a payment then.

‘The question mark will be when the deferral in January will be paid back.’

Having started work at Fratton Park yesterday, Mr Birch is still clarifying Pompey’s financial standing.

Bills as well as player and staff wages require settling.

It’s a precarious juggling act for the administrator as he looks to appease all.

He added: ‘It is all a case of there is only so much money to eke out until the end of the season.

‘It is not necessarily rocket science, if everyone demands their money we cannot continue.’