The basis of this ruling is that Pompey can sell players but they will be loaned back to the club for the rest of the season and cannot play for their club until next season.
I've read two conflicting reports about the situation.
One from BBC News where Andrew Andronikou says that this ruling doesn't necessarily mean that Pompey have to sell anyone and are financially fine for the time being because of funds generated from the club's FA Cup run.
The other on ESPN Soccernet has Andrew saying that around 10 players will be sold, more that are out of contract will leave and that next season's squad will be built entirely of free transfers as Pompey need to generate £30 million in sales and drastically reduce the wage bill.
I'm more inclined to believe the latter and once again, I'm severely disappointed that it seems like our entire team is going to have to be built from scratch next season, with even the fringe players of the squad being sold.
It seems likely that everyone could be sold, and that includes such superstars as Hayden Mullins and Richard Hughes who would be wanted by other Championship clubs.
That's just one issue, but raising the required funds to keep the club alive (and as attractive as possible) is an even bigger problem. Do we even have a playing squad worth £30 million?
Kevin-Prince Boateng and Nadir Belhadj could fetch substantial fees whilst Harry Redknapp reckons that Marc Wilson is worth "£5 million at least." (But I bet Spurs won't offer that for him!)
But that's all we have really. All of our other players are either out of contract in the summer, don't belong to Pompey or are of little value. Is any club likely to pay more than £1 million for the likes of Tal Ben-Haim or Papa Bouba Diop? I sincerely doubt it.
Besides, wouldn't selling all the assets we own now just detract potential buyers from purchasing Portsmouth Football Club? Andronikou said himself that the players are the "assets" that will attract investors to the club, so why sell one of the only things that could save us from going under?
Is the situation so bad that to stay alive we have to sell the only thing that may keep us alive anyway?
I guess the answer may be "Yes"....