The club have been forced to sell their best players, including England duo Peter Crouch and Jermain Defoe to Tottenham, and have struggled on the pitch as a consequence.
Several players also left in the January transfer window, further debilitating Grant's squad.
Destabilised by crippling debts believed to be about £60m the club has also had four changes of ownership this season.
Pompey had been fighting for most of the season to avoid administration with players and staff not paid on more than one occasion.
But on 26 February Portsmouth became the first Premier League club to enter administration and were later docked nine points and are still trying to find a buyer.
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