Portsmouth players are finally expected to be paid their wages on Thursday but the Premier League and Professional Footballers' Association still have serious concerns over the long-term stability of the club.
The PFA have been speaking to Pompey officials about the delay in payment of December salaries after the deadlines on New Years' Eve and then Tuesday passed with players still without money owed.
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Pompey failed to deposit the funds on Wednesday as they had promised but executive director Mark Jacob has spoken publicly about the monies being authorised to be paid.
Pompey's financial problems, however, will not end when their players are paid as the Premier League have imposed a transfer embargo on the club.
Chief executive Peter Storrie has explained the start of Pompey's problems came from the economic downturn leading to Alexandre "Sacha" Gaydamak not being able to fund the club.
"We very much run a dream going forward in terms of costs of wages and costs of players and the loss of the business," Storrie told BBC Radio Solent.
"When Sacha took over he wanted to fund that side of it and did fund a lot of it for a while.
"What happened was a lot of very, very expensive players were bought on the basis that it was transfer fees going forward, but not necessarily at that time and when the credit crunch hit and the problems happened in terms of the world market, Sacha had the situation where he not only couldn't fund anymore but couldn't fund the existing agreements.
"That is where the debt position has come from."
Source: PA
