The Hard working Portsmouth
Portsmouth chief executive Peter Storrie says the club are “working hard” to convince the Premier League that they are financially stable.
The Premier League said on Thursday it will give Portsmouth’s £7m share of the latest money from the league’s TV deal to the clubs Pompey owe money to.
Pompey’s transfer embargo remains in place but they are hopeful it will be lifted before the end of the month.
“It’s very disappointing of the Premier League,” Storrie told BBC Sport.
“We feel we are doing everything we can at the moment to stabilise the situation and get the embargo lifted.”
After a two-day meeting, the Premier League said the cash would be paid to “undisputed football creditors that were overdue at the time of meeting”.
Portsmouth owe about £10m to clubs in the Premier League and abroad.
But Storrie says that all the Premier League clubs have now been paid and agreements are in place to pay instalments to two of the three foreign clubs owed money. Negotiations with the third foreign club are being “finalised”.