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Portsmouth threatened with TV revenue cut

The Premier League could be set to deduct £3m from Portsmouth's television income to cover the debt it owes in unpaid transfer fees.

The south coast outift are currently under a transfer embargo and now if they fail to pay outstanding bills to Arsenal, Tottenham Hotspur, Fulham FC, and French Club Rennes, the League will step in and take the funds out of the club’s revenue. Portsmouth is due a payment of £12 million, which will be reduced if the money is not otherwise produced.

Richard Scudamore, chief executive of the league, reserves the right to control the finances of any club nearing administration.

The club’s new owner Ali AL-Faraj believes that the issue will be taken care of soon. If problems are not resolved, Portsmouth will also be prohibited from signing any new players during the winter transfer window.

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