foxsports
Chelsea and Watford will both receive cash owed from when financially-stricken Pompey signed Glen Johnson and Tommy Smith respectively. Once the players' wages have been covered, the £4million remainder from the £8million Portsmouth earned from selling defender Younes Kaboul and keeper Asmir Begovic could be an important lifeline. The club will use a chunk of the cash to try to persuade HM Revenue and Customs to reschedule the payments on the £7.5million owed in VAT. However, another creditor has also joined in with HMRC's winding-up petition to the High Court on Wednesday next week. Grosvenor Basingstoke Properties are claiming they are owed money by Portsmouth though that is being disputed by the club.
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