Portsmouth say they are likely to fold as they are unable to continue trading after talks with former owner and key creditor Sacha Gaydamak broke down.
The club claim that Gaydamak demanded an upfront cash payment to facilate a possible deal to go through and allow them to exit administration.
"It appears likely that the club will now be closed down and liquidated by the administrators," said Pompey.
Earlier in October the club's latest plan to exit administration was vetoed.
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