Investor saves county
Posted Wednesday, January 27, 2010 by PA
The future of Notts County has been secured after the club confirmed they have found a new investor to pay off all debts.
The Coca-Cola League Two club announced on Tuesday that the investment had been secured, subject to contract and due diligence, and would cover all existing club debts.
The details of the investment have not been revealed and the identity of the investor will remain confidential until the contract is signed.
But it is believed that will take no more than 28 days and HM Revenue and Customs have confirmed they are satisfied the investment is genuine and a 28-day extension to finalise the terms has been granted.
County faced the prospect of finding £2million by Wednesday to prevent the club going out of business.
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