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Portsmouth using Diarra cash to cover transfer bills

Portsmouth will use the cash raised from Lassana Diarra's sale to cover existing bills.

The Independent says Portsmouth need to use a significant part of the €20m (£18.7m) they will receive from the sale of Lassana Diarra to Real Madrid to cover the next installments due on the transfer fees of Jermain Defoe and Peter Crouch, who arrived this year from Tottenham Hotspur and Liverpool respectively.

The fact that Portsmouth require the cash to meet the payments for their England strikers will cause alarm among supporters - and runs contrary to the claim of manager Tony Adams that he will be able to spend all the income - but it also offers some reassurance that a fire sale will not be conducted when the transfer window opens next month.

Twenty per cent of the fee for the deal will go to Diarra's former club Arsenal in a sell-on clause after the France international moved to Fratton Park for £5.5m in January, while there will be some money left over to pursue transfer targets.

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Tribal Football Staff

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