Low Morale - Lost 7 Premier games , now salaries not paid to player.

Sulaiman Al Fahim promised 50million pounds for Portsmouth to solve cash flow in com

Portsmouth chief executive Peter Storrie says he has faith in Sulaiman Al Fahim's financial plans for the club.

The new owner eventually completed his protracted takeover of the club at the end of August and insisted at the weekend that a £50million investment should be concluded in the coming days.

New owner of Portsmouth - Sulaiman Al Fahim

Task: Paul Hart
Pressure: Pompey have lost their opening seven Premier League games

The players are usually paid on the last working day of every month and last night those who had not received their money — some players were paid along with all of the staff — were being assured that it was nothing more than a ‘payroll issue’ and that the money should land in their bank accounts today.

This situation was the last thing the club needed at a time when manager Paul Hart is trying to inspire confidence in his team and prepare for Saturday’s crucial encounter at Wolves.

Even if the money is paid today, it amounts to yet further embarrassment for Portsmouth. Most of the players who guided them to FA Cup glory in 2008 have been sold in a firesale and a lack of investment from their new owner — despite promises of a £50million cash injection — forced Hart to shop in the bargain basement before the transfer window closed at the end of August.

If nothing else, it amounts to an alarming lack of communication between directors and some of their most valuable employees.

Their oppponents on Saturday will have striker Chris Iwelumo back after three months out with a broken foot. He played in the reserves on Tuesday.

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Portsmouth players are expected to be paid wages owed to them in the next two days, the club have confirmed.

Some players and executive board members at the club were not paid as expected earlier in the week due to "a delay in the transfer of funds" following Sulaiman al Fahim recent takeover.

"Portsmouth FC can confirm that the first-team squad and executive board was not paid on Wednesday," a statement read. "The club is currently being refinanced by the owner Sulaiman al Fahim following the recent completion of his takeover. There was a delay in the transfer of funds but the lawyers have received confirmation that this will happen on Thursday."

The statement continued: "This will enable the players to be paid within the next 24 to 48 hours. The players have all been informed of the situation.

"The executive board will continue to help the new owner in his efforts to refinance which has come about as a direct consequence of the banks' requirements to retain all television receipts and profits generated during the transfer windows."

"All the money from all the player transfers and the Sky TV money, all of the £35 million from January, has gone straight to the Standard Bank," he said. "There is no money left. Whatever we spend on a monthly basis comes channelled through from the new owner [Sulaiman Al Fahim]. He has promised to re-finance, and he has shown me all the documentation, but I have no idea about the conditions of the £50 million he says will be arriving in a few... more by Peter Storrie