Portsmouth chief executive Peter Storrie has said he will tender his resignation when the administrators sell the club.
It follows Friday morning's news that the club have gone into administration, with debts of approximately £70 million.
Administration will bring a nine-point penalty for the south-coast club, with the punishment virtually condemning the Hampshire club to relegation to the Coca-Cola Championship.
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: https://www.givemesport.com/writeforgms