Peter Storrie, Portsmouth's former chief executive, talks about having to sell top players after the club got into financial difficulties in the summer of 2009.
The interview is part of a BBC South documentary featuring some of the key figures in Portsmouth football club's remarkable financial saga.
The programme reveals the tensions, drama and chaos that reigned at the first Premier League club to go into administration.
Fit and Proper Persons?
- to be screened on Sunday, 9 May - also includes an interview with Nick O'Reilly, the insolvency expert who drew up Portsmouth's statement of financial affairs for the High Court, describes their business strategy as "suicidal."
Mr O'Reilly found a company that was trading while insolvent and his advice eventually saw the club enter administration.
In his first television interview, the Israeli lawyer, Daniel Azougy, who was in control of the finances at Portsmouth admits the consortium led by Ali Al Faraj failed to carry out further due diligence before buying the club in October.
BBC South sport reporter Tony Husband spent five months researching and reporting on the story, which can be seen on Sunday, 9 May at 1515 BST on BBC One in the South.