Portsmouth goalkeeper David James has admitted the club are paying the price of their FA Cup final success.
Pompey are facing a bleak financial future with the threat of a winding up order from HM Revenue and Customs, while the players have been paid late on three occasions in recent months.
England international James believes the bonuses dished out to the squad during their run to Wembley and eventual success in 2008 contributed heavily to their current problems.
"With everything going on at Portsmouth right now, I think the rest of the game has a serious lesson to learn," he wrote in his column in The Observer.
"Who would have thought that playing in the Premier League, winning the FA Cup, and playing in Europe would bring such disaster? Unbelievably we are now paying the price for that success at Portsmouth.
"Late wage payments, severe debts, the threat of administration and relegation, ironically all of these problems can be traced back, in part, to our achievements.
"After we won the cup I was told that one of our financial people predicted it would ruin us. They were right.
"The heavy bonus culture, endemic in our game, became the curse as the earnings of the cup run did not tally up with the bonuses paid out. I'm a big fan of performance-related pay, but if it's not within the realms of reality then it's just irresponsible."
James can fully understand the frustration of the club's supporters, who have seen a host of star names depart in an fruitless bid to balance the books.
And the experienced shot-stopper has little faith in getting to the bottom of the story with the club's hierarchy, but believes the players are handling the addition pressure well.
He added: "No wonder the fans are upset. A lot of money came into the club via prize money and transfers and yet we're £60m in debt.
"I've been told by the club that they'll sit down with me and explain where it's all gone. They also said we'd get paid on time.
"Luckily we are blessed with a very strong changing room. Maybe it's because the group of players collected here have all experienced some kind of adversity through their careers.
"We seem to be dealing with it well as a group. But we shouldn't have to worry about transfer embargoes and non-payment, and all that peripheral stuff."