League hand Pompey's TV cash to creditors

The Premier League are to divert Portsmouth’s £7m share of the latest television revenue payments to several other clubs owed money by the south coast outfit after they failed to cover debts.

The Premier League’s board have spent the past two days considering what action to take after reviewing Portsmouth’s current position as the club desperately sought fresh financing.

But they have failed to convince the league they have the money to cover around £10m in debt to clubs both in the Premier League and overseas.