text: A team in the Ukrainian Premier League are offering their players houses near the sea to cover their salary debts. FC Chernomorets Odessa are struggling financially due to a lack of funding and sponsorship - with their case so severe that relegation and disqualification from UEFA competitions is a distinct possibility if they fail to settle their outstanding money owed. The consequences of their monetary plight has forced the club to sell their best players, with those still at the club being offered luxury properties. FC Chernomorets Odessa are offering their players luxury houses by the sea in exchange for wages . The houses are being offered to the players by the Ukrainian club due to their severe financial plight . The club's general manager Sergey Kernitskiy says the houses are valued at around £67,000 . Sergey Kernitskiy, general manager, revealed his novel solution to the problem of having no cash by saying: 'We are offering houses and real estate property near the sea to players to cover salary debts. Costs of those houses are around £67,000. 'We still have debts to top players who have already left the club, and in order to avoid disqualification from UEFA and relegation to lower league of Ukrainian football championship they have to be paid.' Some players still on the book at Chernomorets have seen their monthly salary of more than £7,000 a month slashed to £2,000 a month or less. The Stadion Chornomorets outfit travel to Dnipro Dnipropetrovsk in the league on Wednesday looking to climb up the table after a disappointing season on-and-off the pitch. FC Chernomorets currently sit 11th in the 14-team league - 12 points ahead of bottom side Karpaty. Last season the fading club finished 11th in the league, with their best period coming in the 1990's when they finished second in back-to-back seasons in 1994-95 and 1995-96. Ukrainian Premier League club could face relegation and UEFA disqualification due to mounting debt .
target: Ukraine Premier League outfit FC Chernomorets are struggling financially .
  Club could face relegation and UEFA disqualification due to mounting debt .
  FC Chernomorets have been forced to sell their best players as a result too .