JUST as Portsmouth contemplate reducing the wages of its players by half next season, Nwankwo Kanu is weighing up an offer to move to the Middle East.
Portsmouth have been given special permission to sell players outside the transfer window and Dubai outfit Al-Ahli Club are interested in signing the Nigerian striker Kanu, 33, could be available for as little as £100,000 but will not rush into accepting any offer as he waits to see if other clubs show an interest.
Portsmouth administrator Andrew Andronikou said the players’ wages reduction will be in the region of £30 million needing to come off the wage bill. Andronikou’s latest revelations come as the club desperately seeks to cut costs as it looks to exit administration. “I’ve got to adjust the overheads from a Premier League club to a Championship club. The biggest overheads are player wages. I have to reduce those. The projected turnover for this club next year is £22-25 million. An accepted ratio of wages is 50-60% of turnover. At moment the wage bill is £45 million, so that’s my biggest task.”
Kanu was a free agent following his departure from West Brom, and he signed for Pompey on a one-year deal shortly before the start of the 2006-07 season.
Pompey had undergone a revival in the second half of the previous campaign, following the return of Harry Redknapp as manager, avoiding relegation by four points after being in serious danger at the turn of the year.
At the start of the 2006-07 season, they were undefeated in their first five games, during which they did not concede a single goal.
Viewed 4611 times by 1725 viewers