Birch defends Pearce sale

Tue, 08 May 16:17:20 2012

Portsmouth's administrator Trevor Birch has defended the sale of skipper Jason Pearce to Leeds last week.

Defender Pearce became the first player to leave cash-strapped Pompey this summer for what has been reported as a bargain £500,000, a move Birch insists was a necessity as he attempts to keep the club afloat.

"I am aware there is going to be criticism over the fee. You are always going to get that," he told The News.

"But we do the best deals we can. Let's not forget, we have not got a very strong hand. We are on a deadline and other clubs know we need to sell our assets.

"We do not want to sell any of these players, but it is a necessity. We are losing money hand over fist. There are ongoing costs so anything raised goes straight into the company. We will need to raise whatever we can get and if we need more time to get a new owner then the sale of players gives us that.

"This is a crisis situation and always has been. At one stage we were not sure if we were going to make it until the end of the season. It is about taking things day-by-day."

 

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  1. I wish there was some honesty here. Our club is dying­ a slow and painful death. A catch 22 - sell to deduce­ overheads/debt but who would invest in a hollow shell­ with no assets. I cannot see a way out of this apart­ from liquidation, and rebirth. If it were a horse it­ would have been shot some time ago :(

    From STEPHEN, on Wed 9 May 11:17
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