Although the administrators, Nick Dargan and Nick Edwards of Deloitte & Touche, would not comment on particular negotiations, it is believed they failed to reach a compromise agreement with the Football League over unpaid broadcast rights.
Dargan said: ‘We are now in discussions with the Independent Television Commission about an accelerated process leading to a sale as a going concern.’
The move came as it was understood the Football League was preparing to sue Carlton Communications and Granada, the co-owners of ITV Digital, for £500m.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children