Accountants are reportedly appraising Notts County Football Club’s accounts and evaluating strategic options for the organisation, which has been experiencing cash flow problems.
The club’s chairman Ray Trew insists that no decision has been made yet as to whether it will be put into administration. He added that the club wants to avoid administration for the sake of its investors.
Trew stated, “we want to avoid administration at all costs, because the people who would get hurt the most by this action would be the local businesses who support this football club.” He continued, “this club relies on the support of the community and it is my intention to do everything in our power to avoid damaging the strong ties that exist.”
He added that he understood that the fans must be feeling ”frustrated” about the situation and added that the club had already made headway in improving its financial situation. Trew explained, "we have been exploring every avenue in our search for a solution to the current financial problems at the club and we have already had some success to this end in reducing the out-goings significantly."
The club is still in high-level talks to secure sponsorship and commercial partnership deals for next season. Trew has now publically asked for “a while longer” in the hope that the administrators won’t be called in before the deals are complete.
See also: this week's news on Portsmouth Football Club facing administration. 
For sale is a long-established tree surgery and arboricultural services business with an excellent reputation, serving both domestic and commercial sectors across Southern England, including the Home Counties and London.
An opportunity has arisen to acquire a mechanical engineering company specialising in the Water Industry. Benefitting from over 3 decades of trading, this business has built a solid and long standing client base comprised of prominent UK utility comp...
An opportunity has arisen to acquire a reputable IT support and development services provider with a UK-wide client base and a proven record for innovation and resilience in the constantly evolving IT sector. Throughout its 25+ year trading history,...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.