Portsmouth chief executive Peter Storrie has confirmed he has already been in talks with an administrator - and that he is prepared to take a substantial pay cut. Storrie is one of the highest-paid chief executives in the Premier League, with an annual salary believed to be at least £1.2million.

He told Portsmouth News: "I have already spoken to the administrator and he wants to keep things settled, which means me staying on. I will work with him and I believe he wants me to help him sell the club to the right person.

"There will be cuts at all levels. That's something for the administrator to do to make sure the club keeps going. I will be taking a big cut as well.

"I've seen salary figures of £1.4million bandied around for me but my basic salary is less than half of what has been reported.

"The rest of it has been a bonus given by (former owner) Sacha Gaydamak every year. That's in recognition of me keeping the club going for him by selling players.

"But I am prepared to cut my basic (pay) quite substantially."