Portsmouth are set to find out on Wednesday if an appeal to lift their transfer embargo and be given £7m in television money has been successful.
The Premier League will make a ruling after Pompey representatives met officials in London on Tuesday and gave further information on their finances.
If their appeal fails, Portsmouth could see the latest slice of TV money withheld to repay football creditors.
Chelsea and Tottenham are understood to be owed money by the south-coast club.
French teams Lens and Rennes are also believed to be among the creditors.
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A Premier League spokesman told BBC Sport: “Portsmouth have provided the Premier League with new information regarding their outstanding debts to other clubs.
“The Premier League Board will now check the veracity of that information.”
Redirecting TV money is allowed within league rules to protect clubs that are owed money from transfers.
Portsmouth have estimated debts of £60m and face the winding up petition from HM Revenue & Customs.
Dubai businessman Sulaiman al-Fahim bought the club in August before selling a 90% stake to Saudi businessman Ali Al Faraj in October.
A club statement at the time read: “The takeover will ensure Portsmouth’s future is safe and will bring financial stability.”
However, the promised significant investment has not materialised and fans are planning to continue protests about the club’s problems.
In an interview with BBC Radio 5 live’s Sportsweek programme on Sunday, Portsmouth executive director Mark Jacob conceded he had never met the club’s owner.
“I report to Mr Al Faraj, his brother and several of his other representatives and they are quite happy with the way things are going so far, although they have been disappointed by the negative publicity over the last couple of months,” he stated.
The club have asked for HMRC’S winding up petition to be withdrawn and Jacob has said he is confident the transfer embargo will be lifted.
Last week, he insisted there would be no fire sale of players by the cash-strapped club in the January transfer window.
“I can assure fans that won’t happen,” he told BBC Radio Solent.
“But, quite clearly every player has their price and if manager Avram Grant feels there are players surplus to requirements then we will support him.”
A week after they should have been paid, the Pompey players finally received their December wages.
Portsmouth are bottom of the Premier League, with 14 points from 20 games leaving them four points adrift of 19th-placed Hull City.
Grant was given a lift with a last-gasp FA Cup win at Coventry City on Tuesday night.
Portsmouth, the 2008 Cup winners under then manager Harry Redknapp, equalised in the final minute of normal time and grabbed a winner in the last seconds of extra time.
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Submited at Wednesday, January 13th, 2010 at 6:00 am on Uncategorized by ethan
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