Club Up For Sale

Last updated : 06 July 2007 By Kevin Markey
KPMG said it had made the decision because of a legal challenge by HM Revenue and Customs over the £7.7m it is owed and is challenging club chairman Ken Bates' re-sale.

A spokesman for the administrators said: "We are putting the club up for sale and offers must be in by 5pm on Monday and we are interested in talking to other parties. This is because of the uncertainty that surrounds the club due to the legal challenge by HM Revenue and Customs."

The High Court has postponed a decision on HM Revenue and Customs application to challenge the Company Voluntary Agreement, which has been set by most of the creditors, until September, leaving the future of the club in doubt.