Dundee's situation is set to become clearer today after a press conference with administrator Bryan Jackson was called for this afternoon.
Jackson will address the media at Dens Park at 2.30pm, where he will make a statement and take questions on the stricken club's position.
The Irn-Bru First Division outfit confirmed yesterday they had been forced to call in the administrators after being unable to negotiate the payment of a £365,000 tax bill.
A cost-cutting drive is now expected to get under way by Jackson, who is corporate recovery partner with accountants and business advisers PKF.
It is the second time in seven years that Dundee have been placed in administration, the first coming amid debts of £20million.
Jackson presided over a similar process at Clydebank and Motherwell and was unable to prevent Clydebank moving into liquidation.
Reports this morning suggest the Tayside club could face a similar fate in just four weeks unless a buyer is found in that short timescale.
It has also been claimed that at least 10 first-team players face being axed today, with the management team of Gordon Chisholm and Billy Dodds heading the cull.
Chisholm admits everyone at the club is bracing themselves for the worst.
He told the Daily Record: "Union chief Fraser Wishart met the players and pulled no punches. They were in a state of shock.
"The women who cook the food and work in the office were in tears. It feels like a slow death is finally coming to an end.
"It looks like the higher wage earners will go and offering to take a pay cut won't be an option.
"All I know is no good will come from what we're about to be told."