 Storrie said personal relationships helped save Portsmouth |
Portsmouth chief executive Peter Storrie has admitted the club came close to going into administration "a couple of times".
Pompey, who were bought by Sulaiman Al Fahim last week, have sold a series of star names in the last few months in an attempt to balance the books
Storrie said Pompey had been living "way outside our means".
Asked about going into administration, he told BBC Radio 5 live: "On a couple of occasions it got very close."
Storrie added: "It's something I was personally fighting very heavily against but at the end of the day you can only ask people so many times to give you a little longer to pay things.
"Some of the football clubs and the revenue and agents were being absolutely fantastic, and doing a lot of it on my name really and saying 'OK, we'll do it for you Peter'.
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"They were being very, very understanding, but even they, rightly so, were getting to the point of saying 'how many more times can we do this?'
"I really do want to say a big 'thank you' to all those people who helped us so much to get us into this position so we're now going forward."
