The Premier League have ruled that Portsmouth must pay Tottenham Hotspur £1million for the aborted transfer of goalkeeper Asmir Begovic.
Both clubs had agreed a joint fee as part of the deal which brought Younes Kaboul back to White Hart Lane, with the agreement being that £1million would be paid to us if Begovic moved elsewhere.
As we all know, Begovic ended up at Stoke on deadline day in January and Portsmouth have been disputing whether they actually owe Spurs the money.
The Premier League have stepped in and stated that Pompey contractually owe Spurs the payment and should they not pay it, the Premier League will take the amount from Portsmouth’s parachute payment at the end of next year and award it to Spurs.
Tottenham said in a statement earlier this year: “Our original agreement with Portsmouth was for the purchase of two players for a combined, agreed price. The transfer of Younes Kaboul was completed and Portsmouth pressed for an immediate payment to alleviate their cashflow situation.
“To assist Portsmouth with their financial difficulties we paid Portsmouth an agreed sum of money, whilst at the same time concluding an agreement that, should Begovic be sold or loaned to any club other than ourselves, we would be repaid the sum of £1million.
“Portsmouth were keen to openly and freely agree to this surety.”
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