BusinessBusiness RecoveryDefence in tatters at debt-riddled Notts County

Defence in tatters at debt-riddled Notts County

The world's oldest football league side, Notts County, has today become the latest club to have entered into administration, in a bid to pay off long-standing debts.

The Nationwide Second Division team has entered administration while it continues discussions with local councils. Paul Finnity, John Kelly and Gurpal Johal, partners at Kroll Buchler Phillips, have been appointed by the High Court.

A club statement, said: ‘Unfortunately, following the failure in its attempts to renegotiate its long term debt, Notts County has been placed in administration in order to provide it with protection whilst it seeks to resolve its financial difficulties.

‘We are confident that Notts County can be saved without recourse to player redundancies. We are hopeful that we can secure the future of this club in time for the start of the new season, ensuring players and supporters alike are able to look forward to a more positive future.’

Rival clubs including Bury and Bradford have also recently entered administration, while Queens Park Rangers have just successfully emerged from an administration order.

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