Portsmouth administrator Trevor Birch has warned that the club could be liquidated 'in two or three weeks'.
The 2008 FA Cup winners are due to start the new season in League One with a 10-point penalty for returning to administration but Birch says the club might be out of business before the big kick-off, against Bournemouth on August 18.
Kanu who helped the club to their successful FA Cup campaign stated that the only honor the club can do for him is to pay his outstanding.
Birch has imposed a £5,000-per-week salary cap to cut costs, with the excess paid once the club avoids liquidation, but the Nigerian forward is digging his heels in over the money owed to him.
'The club is heading for liquidation in just a few weeks, perhaps two weeks if these players don't leave or compromise on their wages."
Birch added: "Kanu has served the club notice that he wants to leave but before doing so he wants the money he says is owed to him by the club."
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