Further Pompey player windfalls ruled out

Glen Johnson
Glen Johnson
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Trevor Birch has claimed there are no further transfer clauses to benefit Pompey or creditors.

The News revealed on Tuesday how there was a £500,000 windfall from Liverpool who had finished second in the Premier League last season.

This was in recognition of a clause in the deal which took Glen Johnson to Anfield in July 2009.

However, the figure is to be handed over to former administrators BDO rather than the football club.

It will then be distributed in the form of dividends to those part of the Company Voluntary Agreement, voted in June 2012.

That includes a large amount of local businesses in addition to HM Revenue & Customs.

Balram Chainrai also benefited via Convers Sports Initiatives.

Meanwhile, ex-Blues administrator Birch insists there will be no clauses similar to the Johnson deal for anyone to benefit from in the future.

The BDO business restructuring partner said: ‘There are no outstanding sell-on clauses now.

‘In fact, sell-ons were not part of the deal (deed of sale) with the Trust.

‘To be honest, I don’t think anyone thought of Liverpool winning the league!

‘We are currently waiting for the Football League to hand over the Glen Johnson money, which would have been more if Liverpool had won the league.

‘There’s also a claim from Chelsea who have a sell-on for Johnson going to Portsmouth which will have to be taken from that money.

‘There is nothing definitive on when creditors will get their dividend, hopefully it should not be too long a time.

‘I believe it is a good result, more than double the initial return. As administrators, it is our role to look after the interests of creditors.’

Meanwhile, the wrangle over the disposal of former club land in Bedhampton continues.

And Birch admitted it was a ‘complex’ issue.

He said: ‘It is a bit of land which is a bit complex in terms of who owns it.

‘This is going to take a little bit of resolving, so I cannot put a date on it.

‘I think it goes back a bit, quite a number of years, and there are discussions over who has got it, stamp duty and all that kind of nonsense.

‘As far as I know, it’s just a piece of farmland with no access.

‘There seem to be two or three parties making a claim for it, which is why this is complex.’