Portsmouth gained a crucial win against Burnley on Saturday
Portsmouth have issued a strongly worded statement denying rumours they are planning to go into administration.
Speculation over the club's finances increased after it was revealed last week that the players had been paid late for a second time this season.
A transfer embargo is currently in force because of debts to other clubs.
"I know there is a situation off the pitch, but the people who need to deal with it are dealing with it," manager Avram Grant commented.
"If the board makes an official statement about this, I have no reason not to believe it.
"I have enough problems on the pitch. We are bottom of the league and I need to deal with this.
"Even though this situation may not be comfortable off the pitch, we need to be focused on the pitch on what we need to do.
"Maybe it has been a little bit difficult, but this is what we need to do and that's what I intend to do."
BBC Sport understands any default could see the Premier League pay Pompey's TV money directly to their creditors.
But the statement said that owner Ali Al Faraj, who took over in October, remained committed to the club.
Pompey also insisted that chief executive Peter Storrie is not leaving Fratton Park.
Portsmouth, currently bottom of the Premier League, have had a difficult year with the ownership of the club changing twice.
Arab businessman Sulaiman Al Fahim's protracted takeover took three months to complete and then lasted only six weeks after players' wages for September were not paid on time.
Constant malicious rumours and speculation do not assist with the proposed major long-term funding that is currently being put in place
Portsmouth statement
Al Fahim sold 90% of his shares to Saudi business tycoon Al Faraj in October but further administrative difficulties led to a second payment delay for last month.
Pompey are also currently the subject of a Premier League transfer embargo.
But the statement from the club said that the owner and board were disappointed at what they described as "recent inaccurate media speculation regarding the club's finances and the threat of administration."
It added: "Ali Al Faraj and his associates took over the running of the club and inherited a business that had substantial debts.
"Dealing with the finances has been the priority since Al Faraj came in to pay the players before taking over the club from Sulaiman Al Fahim.
"The club is not going into administration. If that were the case it would have happened at the end of September or early October.
"This week alone, HM Revenue and Customs were paid £2m and other historical arrears are being dealt with on an ongoing basis.
"The new owner has not had the benefit of TV revenue to aid the club, with the next major instalment due in January.
"However, he and his associates have already invested substantial funds to keep the club operating and will continue to do so.
"The owner remains committed to the club and has shown that through his investment to date.
"He will also provide manager Avram Grant with all the tools he needs to ensure the club reaches a position the players' performances deserve - away from the relegation zone.
"Despite media rumours Peter Storrie remains chief executive and has been holding talks on behalf of the club in other parts of the world.
"Much is happening behind the scenes but constant malicious rumours and speculation do not assist with the proposed major long-term funding that is currently being put in place."
Manager Paul Hart paid the price for the club's poor start to the season when he was sacked last month, with Grant taking over.
Grant lost his first two matches in charge but then secured a crucial win over Burnley last weekend.
He admitted that he needed to strengthen the squad in the January transfer window because half a dozen players will be absent at the African Cup of Nations.
"Having six players leave is too much but it's a fact - we can do nothing about this. All we can do is think about the solution and we are doing this," said Grant.
"I've spoken with players and agents and I don't see any problems for the moment.
"Of the players we are thinking about, not one of them has said they wouldn't come to Portsmouth."
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