Newcastle had hoped to announce the singing of Portsmouth center-back Mike Williamson yesterday, as he agreed terms with the club and sailed through a medical.
Mike Williamson – transfer now in jeopardy
The proposed £1M move is now at an impasse as it emerged that the Portsmouth club have still to pay most of the money they owe the Hornets for Williamson.
Williamson moved to the South Coast in August last year for around £2M.
The Newcastle Journal is reporting this morning that Watford are due a sell-on fee and late payments related to the original £2M deal.
Since the fee agreed with Newcastle was only £1M – the sale could mean Portsmouth have to shell out money, which is the opposite of what they need to do.
But this is disgraceful, that a club like Portsmouth should get their finances so out of whack, and the PL will need to step in and sort out Portsmouth, and this may not be pretty.
But there again, clubs can make a mockery of the transfer system, by buying players they cannot afford – we’ve heard that one before.
Leeds United did this, as we all know, and they have paid dearly for it, and it’s starting to look like Pompey could even go into administration, and sooner rather than later.
Newcastle, completely innocent in all of this, are awaiting further developments and Chris Hughton told The Journal last night he was still hoping the deal would go through.
Of course that would mean that Watford would need to agree to take a major hit on the money they are owed, and there’s no reason why they should. As we said, the Premier League needs to step in here, and sort out this mess.
A loan deal could be on the cards, with Newcastle agreeing to have first shot at buying the player in the summer, and that would also allow Newcastle to see how well Mike does on Tyneside, and allow Portsmouth’s financial state to be sorted out – but if they go into administration Watford can kiss goodbye the money they are due.
A knee injury suffered by Steven Taylor in training on Thursday means the capture of Williamson would have come at a good time, although we do have 19 year-old Tamas Kadar, who has proved to be very solid in his last two games for the first team.
Hughton told The Journal last night.
“I’m still very much hopeful of a deal going through as soon as possible,”
“I know where we were in the morning and it’s just a case of waiting and seeing at the moment.”
So that’s the situation right now – a very murky one that asks lots of questions about Portsmouth’s financial state.