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.

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

Professional Footballers' Association chief executive Taylor described the situation as embarrassing for the game and said some players had been "unfairly intimidated", but agreed all parties had to agree to lose out if the club was to stay in business .

"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," Taylor said.

"If not there's no transparency as to how serious the situation is. 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."

Taylor added: "There's been a bit of unfair intimidation on a few of the high earners. There's about eight I think that needed to go, to get settlements done and half of those have gone now.

"We've managed to get some security from the Premier League , they've been very co-operative on parachute payments, the Football League have told the owners they can't get all the money back that they put into the club originally, so they've got to take a hit."