Portsmouth are to meet with the Premier League in a bid to have their transfer ban lifted. The club is desperate to get involved in the January transfer market to fend off the threat of a drop to the Championship.
Pompey will be represented in the meeting by Ahmed Al-Faraj, the brother of owner Ali Al-Faraj, Maurice Watkins, who also acts for Manchester United, and advisor Yoram Yossifoff.
Television monies of €7.8 million due to Portsmouth have been intercepted by the Premier League and paid out to clubs that are owed transfer money.
Portsmouth claim there will be a surplus of around €2-€3.5 million once these debts have been settled and as such, cannot understand why they will not be allowed to trade freely.
"This ban must be lifted now. There is no argument for it to go on," Ahmed Al-Faraj told The Sun. "With the TV money coming in we will have paid all our debts to other clubs and it is vital that Portsmouth are allowed to compete on a level playing field with everyone else.
"We need new players in and if we can get the ones our manager wants, we are confident we will stay in the Premier League.
"A lot of money is being put into this club to turn things around.
"We are probably one of the only clubs in the world which doesn't owe a penny to any bank."
Meanwhile, former Pompey chairman Milan Mandaric has been charged with two counts of cheating the public revenue, the Crown Prosecution Service (CPS) said.
The charges stem from the Leicester chairman's time at Portsmouth and are in relation to an alleged payment of €203,000 to another person via a bank account in Monaco and the alleged evasion of tax and national insurance contributions due between April 1st, 2002 and November 28th, 2007, the CPS said.
He will appear at the City of Westminster Magistrates' Court on February 11th.
In a statement, the CPS said: "Milan Mandaric, the former chairman of Portsmouth Football Club, has today been charged with two counts of cheating the public revenue following a decision by the CPS Revenue and Customs Division.
"Following a thorough investigation by HM Revenue and Customs and the City of London Police, the CPS decided there was sufficient evidence and it was in the public interest to charge Mr Mandaric with two counts of cheating the public revenue."
