Sky Sports News is reporting tonight that the proposed move of Portsmouth defender Mike Williamson to Newcastle United, has hit a bit of a road- block.
Mike Williamson – Portsmouth still owe Watford money
The 26-year-old 6’4″ center-back is said to have been through a successful medical on Tyneside today, after personal terms had been agreed, and after a bid of £1M from Newcastle had been accepted by his current club Portsmouth, who of course are in a dire financial difficulties.
Sky Sports is reporting the deal has now hit a potential snag, as Portsmouth still owe money to Williamson’s former club Watford. Portsmouth signed Mike for a reported £2M in early September, but it appears that some money is still owed on that deal.
The deal was to rise to £3M based on appearances by Williamson, but he has never featured in the Portsmouth first team, and sources close to Portsmouth suggest this may be due to Portsmouth’s unwillingness to fund the extra payments that would have been required.
This is a possibility, given Portsmouth’s financial situation, where they have at least twice been unable to meet the wage bill at the south coast club.
Portsmouth are facing a winding up petition in February, which has been brought by Her Majesty’s Revenue and Customs (HMRC), and Portsmouth must show why the club should not be declared bankrupt and “wound up”.
Portsmouth are the first Premier League club ever to be served with a winding up petition, and does not bode well for the future, especially if they cannot answer the charges. and presumably in that case they will be put in administration.
Strange way of putting it – winding up business, isn’t it?
This difficulty is none of Newcastle’s making, and we would be surprised if this snag was not cleared up rather quickly. The player, not surprisingly, wants regular football and of course a simple solution would be for the £1M agreed fee to be paid directly from Newcastle to Watford.
That would help pay off at least £1M of whatever Portsmouth still owes Watford.