Portsmouth have confirmed they have been hit with a transfer embargo from the Premier League for failing to pay money owed to other clubs.
The embargo means Paul Hart will be unable to bring any new players in to Fratton Park until further notice as he seeks to save the troubled club from relegation.
Premier League spokesman Dan Johnson said: "We can confirm that there is an embargo on Portsmouth registering any new players."
The club are confident the embargo will not be in place for long, though.
Portsmouth director of communications Gary Double said: "This concerns unpaid money to other clubs and it is in the process of being sorted.
"We are confident the situation will be sorted by the end of the week."
The transfers involved are believed to be Lassana Diarra's move from Arsenal in January 2008 and Glen Johnson's signing from Chelsea in August 2007.
Both players have since left the club, Diarra moving to Real Madrid and Johnson to Liverpool.
It is believed the situation could even be resolved as soon as Wednesday.
Saudi businessman Ali Al-Faraj bought 90 per cent of Portsmouth from former owner Sulaiman Al-Fahim earlier this month after he failed to raise the cash needed to pay the players' September wages.
Further questions have since been asked about the club's finances after Israeli mogul Levi Kushnir and Hong Kong-based Balram Chainrai emerged as potential investors in the club.
They have been linked with making a £15million loan, which would be secured against Pompey's assets.
Al Fahim's investment group - Al-Fahim Asia Associates Ltd. (AAA) - only completed their takeover of the club in August, but his brief time in charge was beset by financial problems.
The concerns away from the pitch have overshadowed Pompey's poor start to the season. They have won just one of their first 10 league games and prop up the table, although they did hammer Stoke 4-0 in the Carling Cup on Tuesday night.
The Fratton Park outfit saw big name players like Johnson, Peter Crouch and Niko Kranjcar leave in the summer transfer window.
Portsmouth are the second Premier League club to be hit with a transfer ban.
Chelsea have been banned by FIFA from making any new signings for the next two transfer windows after the governing body found them guilty of inducing teenager Gael Kakuta to breach his contract with Lens two years ago.


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Your Comments
magic_w (Manchester United fan)
"This could be a huge problem for Pompy come Jan. Would a club be willing to sell a player to them knowing the problems at the club without receiving all the money up front, or if a 2nd club came in with the same or slightly lower bid then which would be the more appealing to the seller??
Can only see loans and freebies coming in Jan and I can't see this being enough."
farfromfratton (Portsmouth fan)
"mk gooner nice thought and indeed its misery. If you are a real fan you'll understand this too. I thought it might be good if the premier league use some of their cash to buy Arsene and Fergie some glasses!"
bluecommando (Manchester City fan)
"How can a deal be donr on installments then the asset is sold and the Debt not recovered?
people slagging City off for buying Nothing ,.
is that not what Pompey have done (fa cup)
this is a classic example of how the country has gone to the Dogs yet success breeds denial (never never)"
crudge666 (Southampton fan)
"Small club! fact! so what......2x cup and League titles.zzzzzzz
Thats the pass, that was Portsmouth Football Club FC.
You may have to start all over again! PLAY UP AFC PORTSMOUTH.
"
movilla (Aston Villa fan)
"I dont understand when any major financial deal is done the present owners usually are given time to undertake 'due dilligance' this basically ensure the money the new owner wants to put in to the club or has; has not come from any criminal activity i.e. terrorsit activites, money laundering etc etc. while doing this most owners also check out the finances of the new owners! take a look at Doug he only sold the clube to a person he was sure would take the club forward! so WHY the Pompey board didnt do this is beyond me! maybe there was some sort of sweetner that has been handed out???"
Villa442 (Aston Villa fan)
"So much for the owner fitness tests - owners with no mnoney. Was any due diligence done?"
mk_gooner (Arsenal fan)
"Shall we all get a pertition going now to release pompy from the prem early on compationate grounds it'll save them the humiliation of the rest of this season"
Arseneal (Arsenal fan)
"ibbyDon, that's probably the point of it really. It's not so much a punishment as it is a guarantee that they'll pay owed money before new purchases."
PompeyMatty (Portsmouth fan)
"Which is why the new backers have been at the last 2 games. Football needs to change though, this is not just going to Happen at Pompey. There is simply too much money going out of the game to players and agents.
BTW, Small club ?
2 x Top League titles and 2 x FA Cups.
Play Up Pompey."
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