Michel Platini blames ‘liberal’ Premier League for Portsmouth plight

• Uefa president critical of financial ‘liberalism’
• ‘How can an FA Cup winner lose £50m?’

Michel Platini last night blamed Portsmouth’s current plight on the Premier League’s “liberal” approach to financial control.

The Uefa president said greater financial control from the Premier League would have prohibited Portsmouth from the lavish spending that has left them in administration and on the brink of liquidation.

“I’m not in favour of the big liberalism of what has happened with the English clubs,” Platini told the Times. “I’m not an expert of finance, but it was easy to understand that clubs like Portsmouth would be in big danger of going bankrupt and going down. We have to protect them. Why was this club winning [the FA Cup in 2008] with losses of £50m?

“When I was younger, I remember seeing people with no money buy Ferraris — and then, because of the Ferrari, they would get the best girls! That’s not correct, but it’s what has happened in football: you don’t have the money to buy the players, but you get the players and in the end you cheat and win the competition. That’s not correct.”

Responding to Platini’s comments, a spokesman for the Premier League said that tighter regulations, introduced at the start of this season, would help prevent a repeat of Portsmouth’s current plight.

“Had we been able to introduce our financial criteria a year earlier, that would have certainly helped ease the problems faced by Portsmouth. The new rules, which we believe will help clubs operate in a more sustainable manner, combined with further regulations to be introduced this summer, should prevent another club in the Premier League reaching the point where their very existence is threatened.

“Having said that, regulation is not a cure-all. There are numerous examples of clubs in leagues deemed to be more heavily regulated than the Premier League that have got into difficulties.”

At present Platini cannot force the Premier League to change its policy but plans to introduce “Financial Fair Play” regulations for clubs involved in Uefa competitions by the start of the 2012-13 season.

Under these regulations new club owners will be restricted to a maximum €45m (£40m) outlay on players over an initial three-year period, dropping to €30m in 2015.

Premier LeaguePortsmouthUefaMichel PlatiniJames Callowguardian.co.uk

Harry Redknapp approaches Portsmouth showdown with a clear conscience

The Tottenham manager hoped he would not meet Portsmouth but has no qualms in ending their fairytale

Harry Redknapp can appreciate the romance of the story and, under normal circumstances, he would have embraced it. His former club Portsmouth have endured a nightmarish season, in which financial meltdown and administration have provided the backdrop to looming relegation from the Premier League. The club have adopted the prefix of “crisis” throughout. Yet out of the misery and frustration, it feels as if some form of footballing providence is pulling them towards the FA Cup final and there will not be a neutral outside of Southampton who does not wish them well in their semi-final against Tottenham Hotspur at Wembley tomorrow.

Redknapp helped to script a fairytale in 2008, when he led Portsmouth to FA Cup glory over Cardiff City, having taken the scalp of Manchester United at Old Trafford along the way. It remains the only time since 1995 that a team outside the present day Big Four has won the Cup. In many respects, Redknapp helped to breathe the romance back into the competition. Now, with the boot most assuredly on the other foot, he must adopt the role of dream-wrecker. It is not something the Tottenham manager feels comfortable with.

“I was pleased that Portsmouth got through but I really didn’t want to draw them,” Redknapp said. “I was hoping to draw Aston Villa. I’m not saying that would have been an easy game but you would want to avoid Chelsea and I really didn’t want to face Portsmouth.”

Whereas Redknapp assembled a fine team on the open market to win the Cup with Portsmouth two years ago, Avram Grant has taken them to within touching distance of the final with a squad picked over by the vultures. Redknapp has been chief among them, having signed Jermain Defoe, Peter Crouch, Niko Kranjcar and Younes Kaboul from Pompey.

What irks Redknapp, however, is the accusation that his assembly of the Portsmouth team that brought joy and indelible memories contributed to the club’s overstretching itself, to sending it towards the bottom of a pit from which it could not clamber out. He has frequently highlighted the massive profits he turned on Sulley Muntari, Lassana Diarra, Defoe and Glen Johnson, among others, and a close examination of all the deals during his second spell at the club reveals that his net spend was greatly in the black.

What about the player wage bill with which Redknapp saddled the club, ask the critics, a millstone that accounted for such a high proportion of turnover? Redknapp might counter that his dealing on the market helped to compensate or, more pertinently, that it was not his ultimate responsibility. Managers are not dissimilar to children in a sweet shop when it comes to new signings. They invariably want them all and, if they are not discouraged, they will keep on pushing their luck. A club’s board of directors must be strong enough to say no.

“The problem was that the owner when I was there, Sacha Gaydamak, suddenly lost interest and stopped putting money in,” Redknapp said. “They have not funded the club [since he left]. It only holds 19,000 people, there is no [corporate] hospitality. That’s the trouble. And who knows where the money has gone? Who owns the land around the stadium? I wouldn’t know.”

Redknapp said that of his Cup-winning team: “Hermann Hreidarsson was a free from Charlton, Kanu was a free from Hackney Marshes and Sylvain Distin came on a free and they sold him to Everton for £5m-6m.” He noted that Sol Campbell, another Bosman signing, might have been on good wages but “nowhere near what he was getting at Arsenal. It cost him so many millions to leave Arsenal to come to Portsmouth.”

Redknapp also observed that Portsmouth had spent “decent money” last summer, well after his departure, despite people saying that they were “skint”. “They paid £4m for [Kevin-Prince] Boateng, and £2m for the kid from Watford [Mike Williamson] who they sold for £800,000 in the next window,” he said. “They bought [Nadir] Belhadj for £3m-£4m and [Tal] Ben Haim is on a big, long contract.”

Having left Portsmouth twice, the first time for their rivals Southampton, Redknapp has made enemies of a section of the club’s fan base. They tormented him with crank calls in the wake of his leaving for Tottenham while his return to Portsmouth to receive the freedom of the city for his FA Cup exploits was marred by the noisy minority. “It doesn’t bother me if they have a pop,” Redknapp said. “But I went back to Fratton Park [in October] and there weren’t any problems. People got upset when I left because I did such a good job there. You always get some but 99% are fantastic.”

Tottenham will start as the strong favourites, despite a raft of injury concerns, but Redknapp described Portsmouth as “dangerous” underdogs and he predicted that a host of their players would suddenly rediscover fitness. This is all that they have left this season.

“It’s another game, it takes an awful lot to get me excited,” Redknapp said, attempting to play down the occasion. “My foreign players don’t get too excited, either. I’ll walk up to them now and say: ‘Are you excited?’ and they’ll just shrug. Benoît [Assou-Ekotto] doesn’t even know we’re playing at Wembley.” For Redknapp, cold-hearted professionalism has to be the order of the day.

Harry RedknappPortsmouthTottenham HotspurFA CupDavid Hytnerguardian.co.uk

Portsmouth in line for parachute bonus after nine-point deduction

• Pompey finally docked nine points for entering administration
• Club likely to be advanced TV money and parachute payments

Portsmouth were today virtually condemned to relegation after the Premier League imposed a nine-point penalty, but appear likely to succeed in their attempt to bring forward TV revenues and parachute payments to help see them through to the end of the season.

The administrator, Andrew Andronikou of UHY Hacker Young, said that the former chief executive Peter Storrie must shoulder “a large part” of the responsibility for the club’s collapse and called on the consortium that hopes to buy it to reveal the identity of its backers.

Rob Lloyd, the Cheshire businessman who is fronting a consortium interested in buying the club, told the Guardian that he had twice met Andronikou and would progress to the next stage of due diligence by signing a non-disclosure agreement and installing a team of forensic accountants in a “data room”. The “six to eight weeks” timeframe previously outlined by Andronikou for buying the club out of administration is “certainly achievable”, said Lloyd.

“We all understand each other’s concerns and we are singing from the same hymn sheet. I’m not interested in the past, it’s the future I’m interested in. Let’s get on with the job at hand,” he said.

Both sides said they would not be pursuing a exclusivity agreement. “I don’t think we are in a position to do that – they have to satisfy us in various other areas,” said Andronikou, who has estimated it would cost upwards of £30m to buy the club. “I also don’t want to discourage other interested parties.” Andronikou said the fact the group’s main backer remained anonymous was an issue and he would require more clarity by the middle of next week.

“I’m trying to understand how his group has manifested itself; it seems to have changed form in the last two weeks, which is a great illustration of problems we are going to have,” he said.

“I am not saying they are not credible but there is a long way to go to find the appropriate people to take the club forward. My goal is get the club ship shape, minimise its loss-making and exit the administration so we don’t incur penalties in the Championship next season, where it looks as though we will be.”

The deduction leaves Portsmouth, around £78m in debt, marooned at the bottom of the Premier League on 10 points, 14 behind Hull City.

The Premier League had suspended consideration of the nine-point penalty while a challenge by Her Majesty’s Revenue & Customs to the administration was heard. The Revenue, which had concerns over the validity of the latest owner Balram Chainrai’s mortgage on the club’s assets, is still unhappy about aspects of the process but has dropped its opposition.

“Following the high court’s decision that Portsmouth FC’s administration is valid, the Premier League board convened today to apply the League’s rules and policies in relation to a member club suffering an event of insolvency,” said the Premier League.

“As a result Portsmouth FC has been deducted nine points with immediate effect. As part of this process the board met with the administrator to agree how we will work together for the remainder of the season to ensure that the club is able to fulfil its commitments.”

While the Premier League had previously refused Portsmouth’s pleas for an advance on the £5m it is owed in TV payments between now and the end of the season, and the £16m it will be due in parachute payments, it now looks likely they will be granted some of the money.

The fact that Portsmouth are now in administration and virtually certain to be relegated is likely to make rivals better disposed to advancing the funds as a one‑off. It is understood Portsmouth still owe around £10.5m in transfer money to other Premier League clubs.

Although Chainrai has agreed to provide a £15m overdraft to fund the club in administration, Andronikou said last week that he was yet to call on it. The administrator made 85 redundancies last week in an attempt to cut the club’s cost base.

PortsmouthPremier LeagueOwen Gibsonguardian.co.uk