Portsmouth owner Balram Chainrai has been told at a meeting with Premier League chiefs that they cannot bail out the financially-stricken club. Chainrai and his representatives met Premier League chief executive Richard Scudamore and general secretary Mike Foster on Tuesday and revealed to them the club is likely to go into administration on Friday.

A further payment of £5million from television money will become available before the end of the season and, following relegation, parachute payments of £16million per year for two years.

Chainrai's spokesman, Phil Hall, said: "We had a very cordial meeting to explore all possibilities and any help the Premier League might give Portsmouth FC going forward."

The Premier League officials also told Chainrai they could not advance the club any money ahead of the due payment date.