Portsmouth's financial woes have increased after the club confirmed they are being sued by Sol Campbell for fees and bonuses their former defender claims he is owed. Campbell, now at Arsenal, has issued a writ through his lawyers for £1.7million he says he is owed in image rights and bonus payments.Portsmouth confirmed the receipt of the writ on Wednesday and a club spokesman said: "The matter is being dealt with by our lawyers."
The writ comes as Portsmouth prepare to appeal against a High Court judge's decision to dismiss their application to have a winding-up petition from Her Majesty's Revenue and Customs struck out.
The debt issue has been highlighted massively at Scum and Cess, although I cant imagine either going under. Cardiff are facing a winding up order I beleive. Others in all leagues have their issues to deal with. Many are only kept afloat by rich individuals.
Are we about to see a systematic failure of several clubs leaving us with a much smaller pool of professional teams?