But where do Portsmouth rank in the list given the club have in and out of the top division since the league began?
Simply scroll down and click through the pages to find out where Portsmouth rank in the Premier League all-time biggest spenders on wages and transfers.
25. BURNLEY
Total amount of money spent whilst in the Premier League on wages and transfers since it began: £421m Photo: Clive Brunskill
26. PORTSMOUTH
Total amount of money spent whilst in the Premier League on wages and transfers since it began: £417m Photo: Pete Norton
27. WIGAN
Total amount of money spent whilst in the Premier League on wages and transfers since it began: £417m Photo: Nathan Stirk
28. HULL CITY
Total amount of money spent whilst in the Premier League on wages and transfers since it began: £352m Photo: George Wood