Peter Storrie: Portsmouth players to be paid on Monday
Portsmouth's players will be paid on Monday from the proceeds of the Younes Kaboul transfer, which Soccernet can reveal will yield £6.5 million of the £9.5 million transfer fee.
Spurs were owed almost £2 million from the original sale of Kaboul to Pompey in the summer of 2008 and also had a 15% cut of any future transfer fee - which therefore went back to themselves.
While the Kaboul deal will allow Portsmouth to pay their playing staff after failing to do so on time for the fourth month in succession, the club are still fighting a winding-up order issued by Her Majesty's Revenue and Customs regarding unpaid taxes.
Chief executive Peter Storrie told Soccernet on Sunday: "The players will be paid tomorrow, but the next hurdle is the winding-up order by the Revenue on February 10, although the club have appealed against the failure to have it struck out, and that will hopefully mean it will be put back."
Portsmouth have not paid their players again and while the Premier League's bottom side have been given some breathing space by the sale of Kaboul, more players need to be sold and a new investor found.
Pompey are close to a third takeover in what has been a chaotic season but Storrie has not been negotiating with horse racing tycoon John Magnier or Saadi Gaddafi, son of Libyan leader Colonel Gaddafi. Storrie is working hard behind the scenes in a desperate bid to save the 2008 FA Cup winners from oblivion.
Storrie said: "The sale of these players will give the club longer to find investment but it needs investment or finance or a new bank loan."
Portsmouth are trying to offload midfielder Nadir Belhadj to Birmingham, goalkeeper David James to Stoke and midfielder Hayden Mullins to Middlesbrough. Papa Bouba Diop, John Utaka and Asmir Begovic are also up for sale before the transfer window shuts on Monday.
Although the club completed a deal to send defender Kaboul back to White Hart Lane, they now face a race against time to find another buyer for Begovic and others in order to stave off the threats of administration and being wound up.
Fears, though, of another transfer embargo were dismissed by Storrie. Portsmouth are due to pay around £2.7 million in transfer instalments this week - to Chelsea in relation to Glen Johnson, to Wigan for Michael Brown, to Watford for Tommy Smith and to West Ham for Mullins. But Storrie said: "Now we've sold Kaboul, this is no longer an issue."