POMPEY legend Alan Knight has spoken of his years of pain and torment as he revealed he had been declared bankrupt.
The Blues' former goalkeeper has been forced to act after amassing a five-figure debt.
Knight, from Clanfield, appeared in court earlier this week to officially file for bankruptcy, which was granted.
It is the latest in a line of blows since the 49-year-old quit football in 2000.
His marriage ended, and he has battled alcoholism and depression.
However, he remarried in July and has now been dry for 26 months.
Knight told The News: 'In the last two to three years I have faced up to my mistakes.
'I don't want people to feel sorry for me - this is down to my own errors.
'I am earning a fifth of what I was earning 10 years ago as a footballer.
'Savings dwindled and you are where you are.
'I have tried my best to pay back this money and it just got too much.
'It's a shame, but people being declared bankrupt is becoming more and more common. The way things are, I think it will be a lot more common for people unfortunately.
'For me, though, this is a massive relief and something I should have done six years ago.'
'We know that thousands of Pompey fans will join us in wishing all the best to a true hero in the history of Portsmouth Football Club'
Click here to read what The News says about Alan Knight's difficulties
Knight's remaining assets will now be valued by a receiver in a bid to claw back some of the money owed to debtors, which includes a building society.
That process is expected to take between 12 and 18 months.
It means he is unable to serve as a company director and will not have a credit rating.
Knight spent 22 years at Fratton Park before retiring in 2000. Along the way, he became the first Pompey player to represent the club in four different decades and played 801 times - a record number of appearances for a keeper at one club.
But he said that during his time at the club the highest wage he ever earned was 1,000 a week.
Following his retirement, Knight served as Pompey's goalkeeping coach for several years.
He later joined former Fratton team-mate Colin Clarke in America at FC Dallas for a year and is now goalkeeping coach at Aldershot.
Despite the setback, Knight, who was made an MBE for his services to football in 2001, remains positive for the future.
'Now I'm looking forward, it's time to crack on and move on,' he said.
'I have so many things to be positive about.'
Read chief sports writer Neil Allen's full interview with Alan Knight in The News today