• Premier League

Pompey chief Storrie wants an end to "innuendos"

ESPN Soccernet staff
February 27, 2010
Peter Storrie wants fans to know the truth © Getty Images
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Peter Storrie hopes Portsmouth's administrators will publish the club's accounts to put an end to "innuendos'' surrounding his role in the club's demise.

Chief executive Storrie has been angered by reporting of the club's transfer dealings, claiming that transfer fees are exaggerated and that people focus solely on income, not profit.

Taking the sale of Niko Kranjcar to Tottenham as an example, he said: "I've seen on TV apparently we got £15million for Kranjcar. I'm sure (Spurs chairman) Daniel Levy would be quite upset to think he'd paid that for a person in the last year of his contract.

"Kranjcar went for about £2.5 million or £3.75 million to my knowledge - a slight discrepancy in the numbers. I've looked at these numbers and I've gone through it all. People forget that, yes, you get all this income in, but what about the cost of all these players to buy them?

"They don't come for free, they come with transfer fees, they come with sell-ons when you sell them on. The actual number is about £87-90 million depending on what exchange rate you use, but the actual cost of that is over £70 million - the profit is the only thing the club makes.

"You can't just look at the income without looking at what it's cost you. It's unbelievable.''

Storrie, who will tender his resignation when Pompey is sold, added on Sky Sports News: "I'm absolutely certain the administrator will go through the numbers and show everybody the figures, and I hope he does. I would encourage him to show every single person the numbers of what we got for players and what they cost us, because I'm sick and tired of these ridiculous comments.

"The national news was running these crazy figures tonight; unbelievable, quite unbelievable.''

Storrie rejected suggestions the numbers could vindicate him, saying: "I don't think there's anything to be vindicated about. They're all there, they're factual numbers, the Premier League can show you the numbers, the Football Association can show you the numbers.

"It all goes through their accounts, it all goes through their books, they are written in stone. By all means, anyone look at them. I'm sick and tired of all these innuendos.''

© ESPN Sports Media Ltd.
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