PORTSMOUTH have not been able to pay some of their players this month, with chief executive Peter Storrie saying "there is no money left" at the club.
Paul Hart's side have lost all seven of their Premier League games this season and sit rock bottom of the table, but some Pompey players complained when they weren't paid.
Storrie said: "All the money from all the player transfers and the Sky TV money, all of the £35 million from January, has gone straight to the Standard Bank," he said. "There is no money left.
"Whatever we spend on a monthly basis comes channelled through from the new owner [Sulaiman Al Fahim].
"He has promised to re-finance, and he has shown me all the documentation, but I have no idea about the conditions of the £50m he says will be arriving in a few weeks.
"We need to re-finance, it is as simple as that. As for the players wages for the last month I would imagine it's a blip and they will be paid, but I have spent the last nine to ten months fighting fires on a daily basis, I'm not giving up."
Having been linked with a move away from the club, Storrie claimed last week that the reactions of the fans had persuaded him to stay.
"Yes I thought about going, but that reception from the fans, how could I go after that," he said.
"Yes, we have been very close to administration a few times in the last nine to ten months, but I am not about to give up now.
"I've no idea of the timescale about how long this can go on. I don't want to frighten people. I am sure that if the re-financing that has been promised fails for some reason there will be other people ready to step in.
"There is only so much we can do, by that I mean, the present staff, we are all wholly reliant on the re-financing. Our jobs are to keep everything going until then, and of course I remain hopeful that this club will survive."
The unpaid players were assured that it was only "a payroll issue" and that the money should land in bank accounts later today, but the problem raises further doubts about the recent takeover by Al Fahim.
Al Fahim has promised a cash injection of £50m, but with club struggling both on and off the pitch, the wage issue amounts to yet further embarrassment for Portsmouth and the new owners.
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