Friday 19 January 2018

Pompey cut 85 jobs but Storrie stays put

Portsmouth have announced 85 redundancies, but chief executive Peter Storrie will remain in his job while the club attempt to find a buyer.

Storrie, whose salary when Pompey won the FA Cup in 2008 was widely reported as £1.2m including bonuses, has agreed to take a 40pc pay cut, while "one or two" players have discussed a reduction in wages to help the plight of the Premier League's bottom club.

"He is still chief executive," confirmed administrator Andrew Andronikou yesterday. "He is still earning a wage and, having spoken to Peter, he would like it known he has taken a 40pc cut in his basic wage.

"As regards to his basic wage he will be earning significantly less than £500,000. I don't believe there will be any bonuses this year."

Storrie has already stated he will resign when a fifth owner of the season is found, although his presence at the club could anger some fans due to his role during Pompey's financial meltdown.

While Storrie and the club's players remained in jobs, 85 from around 280 positions were made redundant and 12 members of staff are on reduced hours. There will also be discussions about staff taking wage deferrals.

"There is always a day in the administration when you have to look at yourself and wonder whether you like the job you do, but it is a necessary job," said Andronikou, who said he could not estimate the total savings of the cuts.

Andronikou, explaining why players were not included in redundancies, added: "The players are very much protected by the Professional Footballers' Association and I am unable to make cuts.

"One or two have discussed the possibility of reviewing their position with the club."

By entering administration, Pompey have a nine-point deduction hanging over them from the Premier League -- but Andronikou is still hopeful the club will not be penalised.

Elsewhere, Cardiff City have been given until May 5 to settle a tax debt to Revenue and Customs (HRMC) in order to avoid following Chester into liquidation.

The Bluebirds appeared at a High Court hearing yesterday, with HRMC seeking to have the club wound up over unpaid bills.

Irish Independent

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