- Premier League
Andronikou meets Premier League after Portsmouth fine
Portsmouth administrator Andrew Andronikou is locked in talks with the Premier League hoping to finally negotiate a raft of financial aid.
But he has to try to resolve a host of major issues which have been complicated by a Premier League fine related to numerous breaches of rules and regulations.
The Premier League confirmed on Monday that it had taken action, and it is believed a fine of £1 million has been handed down to Portsmouth Football Club.
A spokesman for the League confirmed: "Portsmouth have been fined for a series of breaches of our rules and regulations during the course of this season.''
The fine is reported to relate to the club's late payment of wages to playing staff and late payment of outstanding transfer cash.
It has complicated attempts to sell the club as the Premier League has now become one of the creditors. The Premier League, though, can simply deduct the fine from the £6 million in TV cash and other central sponsorship funds currently being withheld.
Andronikou, who is meeting with the Premier League on Monday to try and finalise a deal to help the club through until the summer, would like the Premier League to advance TV cash and parachute payments to resolve short and medium term cash flow.
He told Soccernet: "At this stage I am not prepared to comment about my talks with the Premier League today. All I am prepared to say is that it is my task to ensure that all creditors are treated the same and dealt with the same on equal terms.
"My job is to find a new buyer and secure the future of the club, and if I can resolve the issues with the Premier League there won't be so much of a rush to find a new buyer."
Andronikou, as he told Soccernet, wants to treat all creditors on an equal footing, hence the stand-off with the Premier League. But it appears impossible he will get any concession on football creditors having to be paid in full.
© ESPN Sports Media Ltd.
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Premier League 2020/21
| Pos | Team | P | W | D | L | GD | Pts |
|---|---|---|---|---|---|---|---|
| 1 | Man City | 38 | 27 | 5 | 6 | +51 | 86 |
| 2 | Man United | 38 | 21 | 11 | 6 | +29 | 74 |
| 3 | Liverpool | 38 | 20 | 9 | 9 | +26 | 69 |
| 4 | Chelsea | 38 | 19 | 10 | 9 | +22 | 67 |
| 5 | Leicester | 38 | 20 | 6 | 12 | +18 | 66 |
| 6 | West Ham | 38 | 19 | 8 | 11 | +15 | 65 |
| 7 | Tottenham | 38 | 18 | 8 | 12 | +23 | 62 |
| 8 | Arsenal | 38 | 18 | 7 | 13 | +16 | 61 |
| 9 | Leeds | 38 | 18 | 5 | 15 | +8 | 59 |
| 10 | Everton | 38 | 17 | 8 | 13 | -1 | 59 |
| 11 | Aston Villa | 38 | 16 | 7 | 15 | +9 | 55 |
| 12 | Newcastle | 38 | 12 | 9 | 17 | -16 | 45 |
| 13 | Wolves | 38 | 12 | 9 | 17 | -16 | 45 |
| 14 | Crystal Pal | 38 | 12 | 8 | 18 | -25 | 44 |
| 15 | Southampton | 38 | 12 | 7 | 19 | -21 | 43 |
| 16 | Brighton | 38 | 9 | 14 | 15 | -6 | 41 |
| 17 | Burnley | 38 | 10 | 9 | 19 | -22 | 39 |
| 18 | Fulham | 38 | 5 | 13 | 20 | -26 | 28 |
| 19 | West Brom | 38 | 5 | 11 | 22 | -41 | 26 |
| 20 | Sheff United | 38 | 7 | 2 | 29 | -43 | 23 |
