The joint administrator for Pompey has said the situation at the club is 'critical' and that 'some players 'still don't understand what's at stake'.

And he reiterated that the players would receive no money if the club goes into liquidation in a little over two weeks' time.

Bryan Jackson, from with accountants PKF and joint administrator with Trevor Birch, told fcbusiness.co.uk: "The situation at Portsmouth FC is now critical.

"If the remaining high-cost players do not compromise on their wages or agree to move, then we won't be able to complete the sale of the club and it will close down. It is as simple as that.

"Whilst we sympathise with the players and acknowledge that they are not to blame for the club's predicament, they do have the power to keep the club going.

"What is certain is that if the club does go into liquidation, they are unlikely to receive anything at all. If, however, they agree to leave or conclude compromise settlements, then the club has a future.

"Unless we make significant progress on this front by August 10, then we are likely to have no option other than to close the club.

"We are making good progress with three or four players but despite many conversations and offers over the past few weeks, some players and agents still don't understand what's at stake here.

"If the club is liquidated, players will not be protected by the Football Creditor provisions. They will become ordinary unsecured creditors in a situation where there is unlikely to be any dividend." To read the full article click here

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