Portsmouth will only survive if all parties concerned with the financially-stricken club are prepared to "take a hit" on the money they are owed, says players' chief Gordon Taylor.

The club's administrators announced last week that Portsmouth could fold unless more of the squad can be sold off to further reduce the wage bill at Fratton Park, with eight senior players understood to be in disagreement over unpaid salaries.

Professional Footballers' Association chief executive Taylor told Sky Sports News: "If this club is going to survive we need everybody to have something but not all that they are owed otherwise everybody's just going to get nothing."

Supporters group SOS Pompey had handed over an open letter to the players at the club's Eastleigh training ground on Monday in a bid to persuade players to compromise on their wages.

Meanwhile, administrator Trevor Birch has said former owner Balram Chainrai and his company Portpin could pull out of their proposed deal to buy the club if more players are not moved on.

Taylor described the situation as embarrassing for the game, saying that some players had been "unfairly intimidated", and added: "It's about everybody getting in the same room, the players, the club, the administrators, the potential new owners and deal with the situation rather than looking at it separately."