Portsmouth stunned Tottenham Hotspur 2-0 on Sunday to reach the Wembley final on May 15 and provide some consolation to fans the day after the team's relegation from English football's top flight.
Portsmouth, who went into administration in February saddled with debts of 70 million pounds, are likely to qualify for the Europa League by reaching the Cup final against Chelsea, but cannot take up the place without a UEFA license.
"They haven't applied for one (license) and it is something we are looking at the moment. We're hoping to have applied for it by the end of the week," administrator Andrew Andronikou told Reuters by telephone on Monday.
"All the players have got clauses within their contracts, to do with qualifying for Europe or playing in the Cup final or whatever, and we're looking at those right now," he said.
"The players have been supportive from day one, I don't believe it will it will be a problem (to get them to waive)."
Fans must find talk of bonuses something of a sore point after goalkeeper David James's assessment in local media at the weekend that winning the FA Cup in 2008 had been financially "crippling" because of the monetary rewards players received. Andronikou said the bonuses paid after that triumph were "certainly a contribution to the current position".
"We are having to review the whole situation. We can't afford a Premiership squad in the Championship," he said.
