Portsmouth may fold before the end of Championship season says administrator of cash strapped club In a statement on the club's website, Birch said: "Following our discussions with the Premier League and Football League over the past few days, it has emerged that Portsmouth Football Club is unlikely to receive any further parachute payments or other league funding. Birch remains committed to saving the cash-strapped club but admits "the clock is ticking" to find new owners. He added: "As you'd expect, several people have got in touch with us since our appointment as administrators and made enquiries about buying the club. We are assessing every case and will make contact with anyone that we believe could be a serious bidder over the next few days. Any potential bidders will need to be prepared to make a major investment in the club because the outlook for next season looks challenging unless we can sell some players in the summer. Pompey were deducted 10 points last month after going into administration for the second time in two years. Birch was forced to loan top scorer Erik Huseklepp to Birmingham to trim the wage bill and also announced 30 redundancies at the club. They are currently second from bottom, five points from safety, and face Middlesbrough at Fratton Park on Saturday.