BusinessBusiness RecoveryNotts County facing extinction threat

Notts County facing extinction threat

Notts County Football Club has received a tough reminder that it will go into extinction unless it pulls itself out of administration by 9 December.

Link: Notts County FC given last-gasp reprieve

A Football League spokesman said there would be no more extensions to the deadline and if nothing is resolved by next month, the oldest professional club will be kicked out of the league.

‘There have been numerous deadlines which have come and gone but this is the final deadline and time is marching on.

‘If they do not come out of administration by December 9, they will be out of the League,’ said the spokesman.

Administrator Paul Finnity is meeting League officials on Wednesday. The club’s main hope seems to rest on a £3m buy-out by the Blenheim consortium.

The buy-out was supposed to have been finalised by the end of last month but as yet there is no deal.

County have been in administration for 17 months. The club was founded in 1862.

Related Articles

Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

1w Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

1w Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

4w Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

6m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

8m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor