Portsmouth have been banned from registering any new players by the Premier League until further notice.
Transfer freeze for Portsmouth
Portsmouth have been banned from registering any new players until further notice, the Premier League said today, as the financial turmoil surrounding the club continues. Portsmouth, bottom of the league after only one win and a draw in their first 10 games, were taken over earlier this month by the Saudi Arabian businessman Ali al Faraj. He bought 90 per cent of the club's shares from Sulaiman al Fahim who took over in August but struggled to refinance the club's debt.
Payments to some of the first team squad were delayed last month and despite the sale of many leading players over the last 18 months, the club is still struggling with debt. The British media reported that the freeze on signing new players would apply until debts to other clubs had been cleared, though the Premier League would confirm only that the ban was in place. Portsmouth had their best result of the season yesterday when their depleted side beat a second-string Stoke City side 4-0 to reach the quarter-finals of the League Cup.