The sale of the club, now known as the Milton Keynes Dons, was finally approved by the Football League’s board of directors this week after having been in the control of administrators Grant Thornton since June last year.
The InterMK bid, led by music promoter Pete Winkleman, looked set to go ahead once the Inland Revenue decided not to take is case for the recovery of £525,000 of debts to the House of Lords.
‘After a long period in administration Milton Keynes Dons are in a position to build for the future,’ said League chairman Sir Brian Mawhinney.
‘I hope the League’s policy of not permitting clubs to begin consecutive seasons in administration helped to focus the attention of all involved.’
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