Portsmouth have issued a strongly worded statement denying rumours they are planning to go into financial administration.
Speculation over the club's finances increased after it was revealed last week that the players had been paid late for a second time this season.
A transfer embargo is currently in force because of debts to other clubs and yet Portsmouth desperately need to strengthen the squad in the January transfer window because half a dozen players will be absent at the African Cup of Nations.
More at the BBC Sports website
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