Notts County finally out of administration
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Notts County have come out of administration after 18 months following the Football League board of directors' approval of a takeover by the Blenheim Consortium.
The Second Division club had been in administration since June last year and would have faced expulsion from the League had a deal not been reached by the 9 December deadline. But the consortium, which is headed by Peter Joyce, has finally been given the League's approval.
The Football League chairman, Sir Brian Mawhinney, said: "After a precarious 18 months in administration, I am delighted that the Blenheim Consortium has been successful in securing the future of the League's oldest club. I hope the League's deadline helped to focus the attention of all involved. I would like to pay tribute to the Supporters' Trust for their tireless efforts, in particular the raising of £250,000 which has assisted the club in its exit from administration.
"It is right that clubs that suffer financial difficulties are given a reasonable opportunity to restructure their affairs. But it is also right that this opportunity is not indefinite, as clubs in administration gain a competitive advantage.
"By setting an initial limit of 18 months on club administrations, the League has established a fair balance between the interests of all its member clubs," Mawhinney added.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments