Link: Football finances survey
A consortium, InterMK, led by music entrepreneur Pete Winkleman, is bidding to buy the club.
However, creditors are owed £25m and if no deal is sorted out, liquidation could follow for the club which is anchored to the bottom of division one of the Football League.
‘The future of the club depends on the decision of the creditors,’ said a statement from administrators, Andy Hosking and Nick Wood, partners at Grant Thornton.
They added: ‘We are pleased to announce that we have reached agreement with InterMK and are finally in a position to submit a company voluntary arrangement (CVA) proposal to the creditors.
‘If the creditors accept the proposed CVA then Wimbledon FC will pass to the new owners on 18 March 2004.
‘If the proposal is not acceptable to creditors then we will have no option but to place the club in liquidation.’
FRP Advisory sells business and assets of Harland Machine Systems Limited to Accraply Europe Limited
Manufacturer DMG Steelworkers has been sold out of administration in a pre-pack deal by insolvency and restructuring firm CVR Global
By threatening creditor returns, the government could undermine the UK’s World Bank insolvency ranking and cost creditors £8m a year, trade body R3 warms
Lee De’ath and Richard Toone, partners at CVR Global, were appointed joint-administrators of Lexden Centre (Oxford) Limited, trading as Colchester English Study Centre (CESC), on 29 June 2016