Portsmouth have until August 10 to save themselves from liquidation.
The 2008 FA Cup winners have been in a downward spiral since they were relegated from the Premiership with a number of players on long term contracts.
Former Arsenal striker Kanu and Ben Haim are the biggest earners at the club with both claiming that they are owed around £3m each in backdated wages, bonuses and the remainder of their contracts.
Pompey fans went to training yesterday pleading with the players to accept cut price deals to keep the club afloat.
Liquidation would see the club disappear from the football map with plans afoot amongst supporters to start again at grass roots level and attempt to play their way through the pyramid.
Administrator Trevor Birch has been trying desperately to save the club but needs to raise £10m in order to pay off football creditors.
“Everybody, including the players, have been served notice that the club will close down on August 10,” Birch admitted. “The only way the club can be saved is if the players accept compromise deals, the Football League are in constant touch and know the situation, the PFA are also aware of it and are doing all they can to help
“If the new owner does not take over the liabilities and guarantee £10 million of football creditors then the Football League will not transfer its share and the club will go under. To save the club we are frantically trying to negotiate with players such as Kanu and Tal Haim.
“We have offered Tal Haim a substantial compromise which he has turned down, so it is difficult to negotiate.
“Perhaps he is playing a game of bluff. Perhaps he thinks we are bluffing that the new owner will save the club and still pay him or accept his liabilities going forward.
“We are now reaching a critical time, time is running out. I can only hope by serving notice that the club will shut down on August 10 and this will concentrate people’s minds.”
It’s not known how the Football League would cope with the loss of Portsmouth but with a 24 club division it could be that one club misses out with every round of fixtures.
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I wonder if the FA will bungle their way through this the same way the SFA did with that old club rangers.
Any plans to place the Portsmouth newco straight into the EPL?
Is there any chance we could take their place ?:)