Administrators from Kroll, who were appointed to the second division club in July last year, must secure a takeover of the club by the 9 December, after the Football League extended the deadline yesterday.
Currently the Blenheim Consortium lead by Peter Joyce, is trying to takeover the club, and yesterday, on Radio Nottingham, Kroll joint administrator Paul Finnity was confident that the deal could be completed by the deadline.
According to the club’s official website, £250,000 pledged by the Supporters Trust is crucial to resolving the club’s financial problems.
Trust chairman David Hindley said: ‘Whilst the city council may have underwritten our pledge, this is only a loan and we have to find the money as soon as possible if our involvement is to succeed. All football supporters are urged to continue to support the trust in our fund raising efforts.’
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