Portsmouth's administrator Andrew Andronikou has pledged the club will have sufficient funds to make it through to the FA Cup semi-finals at Wembley and to the final itself.

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After their victory over Birmingham secured their place in the last four, Andronikou told Soccernet: "I can tell you that this club will still be up and running come the FA Cup final day in May. The money will not run out, we shall fulfill all our fixtures. The football side and the financial side are two different parts. Avram Grant is doing his bit, I am doing mine, and we shall meet somewhere in the middle.

"I have a commitment of funds from the current owner of £15 million, but I feel it will require £7 million to £8 million to fulfill all the fixtures until the end of the season, maybe even a little less.

"The Revenue is still an issue we have to sort out next week, and I am very hopeful of a package of aid from the Premier League which would also secure the club fulfilling its fixture list. I don't wish to pre-empt what they can do for us, but advancing TV revenues and parachute payments seems a logical step forward.

"I cannot see any real hope in avoiding the nine point penalty, the Premier League will insist the club takes its medicine and move on. We may have an opportunity to sell players, but that would weaken the team competitively and that would not go down well with the clubs at the bottom of the table who would want Portsmouth to play out the rest of its games strongly.

"But there have been questions raised about my independence and objectivity, so to help protect that independence it would be best for the Premier League to secure the club fulfilling its fixtures and enable me to sell the club to the highest bidder."

The administrator is seeking something like £30 million from a new owner to underwrite creditors, and take the club forward. He continued: "We have a secured creditor for £13.5 million, and that is the current shareholder and owner who has fixed and floating debenture, which means Fratton Park, the players and all assets of the club.

"There had been loans of £17.5 million but Chainrai has prepaid £4 million of that, and he continues to have a charge over all the assets. The proposed sale and lease back of Fratton Park did not materialise because it had not been completed before I came into the club.

"The bottom line is the club is now seeking £30 million to deal with creditors, for working capitol and to secure the club going forward. We have two very serious interested parties and I have asked them to show a commitment by putting forward a month's wages of £3.5 million, and I am waiting to see if this happens."

The administrator accepted there has already been wholesale cutbacks, including savage cuts in staff, and even on food and drink. He said: "We are not running a hotel here. I am afraid we're even ending the free food for the reporters - sorry about that."