Storrie wants end to 'innuendos'

Posted Saturday, February 27, 2010 by PA

Peter Storrie hopes Portsmouth's administrators will publish the club's accounts to put an end to "innuendos" surrounding his role in the club's demise.

Chief executive Storrie has been angered by reporting of the clubs transfer dealings, claiming that transfer fees are exaggerated and that people focus solely on income, not profit.

Taking the sale of Niko Kranjcar to Tottenham as an example, he told Sky Sports News: "I've seen on TV apparently we got £15million for Kranjcar. I'm sure (Spurs chairman) Daniel Levy would be quite upset to think he'd paid that for a person in the last year of his contract. Kranjcar went for about £2.5 or £3.75million to my knowledge - a slight discrepancy in the numbers."

He added: "I've looked at these numbers and I've gone through it all. People forget that, yes, you get all this income in, but what about the cost of all these players to buy them?

"They don't come for free, they come with transfer fees, they come with sell-ons when you sell them on.

"The actual number is about £87-90million depending on what exchange rate you use, but the actual cost of that is over £70million - the profit is the only thing the club makes.

"You can't just look at the income without looking at what it's cost you. It's unbelievable."

Storrie, who will tender his resignation when Pompey is sold, continued: "I'm absolutely certain the administrator will go through the numbers and show everybody the figures, and I hope he does.

"I would encourage him to show every single person the numbers of what we got for players and what they cost us, because I'm sick and tired of these ridiculous comments.

"The national news was running these crazy figures; unbelievable, quite unbelievable."