THE HALF DECENT FOOTBALL MAGAZINE

Community-owned club paid off £7m

icon debt29 September ~ Portsmouth have announced that they are now debt free, just 18 months after becoming community-owned and two years ahead of schedule. The club have paid off £7 million and wiped out legacy debts from the previous administrations – including payments to players such as Tal Ben Haim, as well as Portsmouth City Council and four foreign clubs. Chief executive Mark Catlin said: "We are at ground zero now. This club was in a crater and we are out of that now with foundations built… It is important we stay under the microscope and cannot allow ourselves to go to that level again." The Portsmouth News has the full story.

 

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