foxsports
Portsmouth's debts have reached $162 million, according to a financial report compiled by the relegated Premier League club's administrators.
A 70-page report was prepared ahead of a meeting on May 6 with the club's creditors - 75 percent of whom would have to agree to be paid a percentage of their debts for Portsmouth to exit financial administration.
Portsmouth has reached the FA Cup final while in bankruptcy protection.
The club, which entered administration in March, owes $26 million in outstanding transfer fees. Nine players, including former defender Sol Campbell, are owed $4.6 million in image rights.
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