Portsmouth bemoans late payers 23/02/2011 |
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Portsmouth owner Balu Chainrai has revealed the club is owed money from a number of rivals which have failed to pay on time.
It is believed Genoa is about five weeks late with a third instalment, worth around £1m, for Kevin Prince Boateng.
"We are in dispute with a few foreign clubs and a couple of English clubs, who are more powerful than us," Chainrai told Sky Sports News.
"It's under control by our management and they are trying their best to deal with it.
"It's outstanding football debts and payment disputes. If you went into detail of these disputes, you would feel sorry for Portsmouth. "
Chainrai placed Portsmouth into administration a year ago this week after the club failed with repayments on his short-term bridging loan in 2009.
The club has since exited administration and Chainrai, brother Deepak and business partner Levi Kushnir are looking for a new buyer.
Chainrai added: "We have to pay up when we owe money to clubs – there's no question about it.
"We're threatened and we're held at ransom but when we have to collect money from similar clubs, we never get the money. There's always a loophole against us being paid.
"We've had to put money into the club to stabilise it and pay for running costs at the club. We've had to use funds to pay old debts. This was a commitment we made to the Football League, which we have honoured."
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