SMOUTH delayed publication of their accounts last night amid reports that their debts are far higher than previously thought.
The club, who are in administration and already condemned to relegation from the Premier League, are thought to owe £119m. Previous estimates put the figure at around £90m.
Andrew Andronikou, the administrator, said the figures were “vastly different from what has been reported”, but insisted they would not come as a surprise to potential buyers.
The FA Cup finalists are believed to owe £90m to unsecured creditors, a further £14m to owner Balram Chainrai, plus another £14m to several lenders for three transfers.
Of the £90m, £9m alone is thought to be owed to agents, with £2.3m owed to one agent for just one deal.