Portsmouth could yet face liquidation after former owner Balram Chainrai withdrew his bid to buy the troubled npower League One club.
However, Chainrai has revealed that he is now no longer interested in striking a takeover deal.
He released a statement to
"Unfortunately, our efforts to save the club once more from extinction have hit a wall of rejection and lacking co-operation from the administrator and other interested parties.
"We are not the ones who have caused the club to collapse and we are not the ones to choose PKF as administrators."
Former Chelsea boss Roberto Di Matteo claims winning the UEFA Champions League is no guarantee of getting another job.