The club owes more than £30m, and is in its second period of administration since May 2002.
Administrators from Kroll say the club will be forced to close unless the landlord of its Valley Parade ground agrees by Thursday to charge the club no rent for the 2004/2005 season.
Discussions are continuing with interested parties, but no investment appears imminent, the FT reported today.
Money raised by supporters has been exhausted to pay players salaries to the end of June.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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