Portsmouth's financial problems have deepened after they failed to meet a deadline to repay £9million owed to former owner Sacha Gaydamak.
Portsmouth were forced to sell Younes Kaboul and Asmir Begovic during the transfer window to raise funds and help pay the players' wages.
However, the club could face problems after it was revealed they have missed the deadline to repay money owed to Gaydamak.
The club also faces a winding-up order on 10 February for unpaid taxes.
Boss Avram Grant told : "It's not easy because we are bottom of the league and what's happened. We are just trying to do our job on the pitch."
The south coast club have been through a torrid time with their perilous financial position and have been forced into considering offloading their best players.
Grant, who took over the managerial reins in November, once again expressed his frustration with the ongoing problems but refused to walk away from Fratton Park.
"I'm not a quitter," the Israeli said. "I am not afraid of problems. For me, problems are a challenge and I came here with a big challenge.
"I'm very very disappointed with the situation and very disappointed with what people promised me. But this is the situation. The football side is better than I thought but other things are not what I expected."
Grant returned to Fratton Park in October last year when he was named as the club's director of football, a position he previously held in 2006-07 and became manager last year when Paul Hart was sacked following a poor start to the Premier League campaign.
Former defender Sol Campbell is also suing the club for £1.7m for unpaid image rights.
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