( CNN ) -- FA Cup finalists Portsmouth will not be allowed to play in next season 's Europa League , the English Football Association ( FA ) have confirmed . The financially-stricken side , who became the first-ever Premier League club to enter administration earlier this year , would have been gauranteed a place in Europe next season because their final opponents , Chelsea , have secured a Champions League place . However , Portsmouth 's administrators -- who revealed on Wednesday that the club is in debt to the tune of $ 170m -- have been told that any late application for a UEFA club licence will not be considered due to the club 's on-going financial problems . A joint statement from the FA and English Premier League said : `` The FA and Premier League have confirmed to the administrators of Portsmouth that they shall not consider any late application for granting of a UEFA Club Licence for the 2010-11 season . '' The decision means the team who finish seventh in the Premier League , with Liverpool currently in that position , will take Portsmouth 's place . European football 's governing body UEFA had earlier revealed that the club could submit a late application before May 31 -- but the Premier League and FA have subsequently decreed that the Portsmouth 's financial situation is so bad that they would not meet any of UEFA 's criteria to enter . Portsmouth 's administrator Andrew Andronikou told Press Association Sport : `` We have spent a long time going through all the necessary steps and we had hoped to make a European application next week . `` We felt that we would do our bit and that it would be up to the FA and the Premier League to do theirs . It 's wrong for the fans that they should not be allowed to support their club in Europe next season . ''
FA Cup finalists Portsmouth will not be allowed to play in next week Champions League . Portsmouth were guaranteed a place in Europe because Europa League will be in Champions League . But the English FA have vetoed this because of the club 's financial crisis .