Portsmouth have rubbished suggestions that the club is planning to go into administration.
The south coast outfit are currently bottom of the league table and under the control of a third different owner within the space of the six months.
Last week the club's players were not paid on time - the second time that has happened this season - and since then there have been widescale reports of an escalating financial crisis at Fratton Park.
However, a club statement has refuted suggestions that a slide into administration is now on the cards.
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Meanwhile, Everton have confirmed reports that they are hoping to sign Los Angeles Galaxy and USA international forward Landon Donovan on loan.
The Toffees want the versatile 27-year-old to join them in January on a three-month loan deal following the end of the Major League Soccer season.
Sportsbook Premier League title favourites Chelsea have confirmed that midfielder Michael Essien is expected to be sidelined for up to four weeks due to the hamstring injury sustained in the 2-2 Champions League draw with Apoel Nicosia.
In the Championship, Paul Sturrock's second spell as Plymouth Argyle manager has ended following a disappointing series of results.
The 53-year-old Scotsman has been replaced in the Home Park hot-seat by first-team coach Paul Mariner after Tuesday's 1-0 defeat at Swansea City left them languishing in 23rd place in the Championship table.
Sven-Goran Eriksson has been linked with a takeover of Notts County following reports that current owners Munto Finance have put the club up for sale.
Eriksson arrived at Meadow Lane as part of the mystery Middle Eastern consortium which took over the League Two club in August.
Now it has emerged that they are looking to sell the club, with reports claiming that Eriksson and chief executive Peter Trembling are considering a takeover bid.
In rugby union, Bath wing Matt Banahan will sit out the next two weeks after being banned for stamping.
The England international was red-carded for the reckless use of a boot in the ruck during his side's 15-13 Guinness Premiership defeat to Northampton Saints last Saturday.
He was accused of stamping on Saints fly-half Stephen Myler in the second half of the game at Franklin's Gardens much to the bemusement of head coach Steve Meehan.
Three-time Olympic champion Bradley Wiggins has left Garmin-Slipstream and agreed a deal with Team Sky for the forthcoming road cycling season.
The 29-year-old leaves the American team despite still having a year left on his contract.
Wiggins, who finished fourth in this year's Tour de France, said: "I know I can continue to develop and Team Sky is the perfect place to make that happen."