Peter Storrie has rubbished suggestions that Portsmouth must sell some of their best players this month.
Some reports have claimed that Pompey are in financial difficulty and need to cash in during the transfer window to balance the books.
Lassana Diarra has already left for Real Madrid in a £20million deal and there has been speculation about the future of Jermain Defoe.
However, executive chairman Storrie has assured supporters there is nothing to be worried about.
"Quite simply the media speculation is a load of rubbish," Storrie told the club's official website.
"The club is not in any financial difficulty. Yes, we are up for sale, but so are about a third of Premier League clubs.
"Sacha Gaydamak will only sell to a buyer who is prepared to invest and take the club to the next level. If that doesn't happen he will continue to support Portsmouth Football Club in the same way that he has for the past three years.
"Having sold Lassana Diarra to Real Madrid we do not have to sell any more players."
Storrie has even told supporters to expect some fresh talent at the club in the coming weeks.
"We have already secured the permanent signing of Nadir Belhadj and Tony
(Adams, manager) and I are working on getting some other new faces in as quickly as we can to bolster the squad," he added.
"We are also in the process of offering new deals to some of the players who are out of contract at the end of the season."
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