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Portsmouth has to pay out interest on loans taken out for various purposes.

The graph below shows that the club interest payments have steadily crept up, until 2007 when they more than doubled and then again in 2008 when they tripled.

For those whole like to think of these things in weeks, that payments come to 126,233 per week.

Part of the interest comes from "other loans" in the accounts which come to 13.7m. These loans have an interest rate of 15% (fifteen !!)

The amount being paid is a huge burden on the club. The big concern would be that the extra borrowing was to get in new players, who were all being paid big salaries and probably long term contracts. The big sale of player sin the summer of 2009 was partly to try and reduce the debt, and correspondingly the interest payments.

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