Portsmouth have been forced to make 85 staff redundant as a result of ongoing cost-cutting measures under the administration of UHY Hacker Young.
The administrators' spokeman, Andrew Andronikou, revealed the news today but insisted the club will be able to stave off questions from Her Majesty's Revenue and Customs over the validity of the administration process and that he is receiving "enquiries on a daily basis" regarding a takeover.
He also revealed chief executive Peter Storrie has taken a 40% wage cut, but admitted his hands were tied in relation to the club's playing wage bill.
Andronikou told a news conference: "It is extremely difficult - there's always a day in the administration when you have to question whether you like the job you are doing, but it is a necessary job.
"We have unfortunately had to make 85 employees redundant today. The club had in its employment 166 full-time staff, including players, and 154 part-time staff - excluding weekend and matchday staff.
"May I take this opportunity to thank these people for their contributions to the club and wish them well in their future.
"The redundancies were made across all areas. They are the visible cuts we are making. There will be other cuts that you won't see, but you will see them filter down in the cashflow in the short-to-medium term.
"We've had to use the administration to take (staffing) down to a level that I can manage and if unfortunately the club is relegated, it will have to be reviewed again as the overheads won't fit into a Championship environment."
Peter Storrie, whose salary and role in the club's governance has been the subject of much scrutiny and criticism, remains in his post as chief executive.
But Andronikou said: "He would like to make it known that he has taken a 40% cut in his basic wage. Peter Storrie has tended his resignation, he is working to a timetable. He is still chief executive. It may very well change. We are in a situation where we are having to adapt to an evolving story."
Copyright (c) PA Sport 2009, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms