Portsmouth manager Paul Hart confirmed Sunday they have accepted a bid from Tottenham for Peter Crouch.
"Obviously I'm disappointed to see Peter leave, but given the severe financial restraints in place here we had no choice but to accept an offer from Tottenham," Hart told the Daily Mirror. "I think people need to realise that Pompey have been punching above their weight and could no longer sustain the level of spending that has gone on here over the last three years."
Spurs boss Harry Redknapp has apparently succeeded in reuniting the striker with his former Pompey partner Jermain Defoe for around £10 million. Hart, who last week signed a two-and-a-half year deal to remain with the south coast club, claimed it was a result of a bid to balance the books following a period of unrealistic spending under former manager Redknapp.
The coach also insisted that the takeover spearheaded by Dr Sulaiman Al Fahim would not lead to a Manchester City style spending spree. "Even though a new owner is poised to come in our dealings in the market will be modest in comparison to the past."