Carlton president Mark LoGiudice has denied the club could be forced to seek financial aid from the AFL following the impending withdrawal of its major sponsor CareerOne, the registered training organisation chaired by former AFL boss Andrew Demetriou.

In a disastrous turn of events for the Blues the club is facing a black hole of more than $1 million after a major client of CareerOne was suspended pending a Federal Government audit.

Demetriou told Fairfax Media he had personally called LoGiudice to inform him that CareerOne could not meet its 2017 sponsorship commitments. He also confirmed that CareerOne had advised Carlton to look for a new major sponsor.

The Carlton president has held talks with both Demetriou in recent days and has also met CareerOne managing director John Wall in a bid to clarify the financial situation. He said that for now the players would continue to wear the CareerOne logo on their jumpers along with co major sponsor Hyundai.