Overview
- A consortium led by James Bord ended its bid, saying due diligence showed the club was worth significantly less than its offer and exclusivity terms restricted any price revision.
- The group paid a non-refundable £2.5m deposit and covered more than £4m of operating losses over the past two months, with about £1m per month reported.
- Begbies Traynor said previous participants have already re-established contact and the process will restart quickly, with PA reporting a meeting with a Mike Ashley representative on Thursday and David Storch reiterating interest.
- Administrators said the club has funding to finish this season, but a sustainable future hinges on a buyer who can satisfy EFL and Independent Football Regulator tests and address creditor obligations.
- Relegation to League One was confirmed on Sunday after a derby defeat to Sheffield United, following an 18-point deduction this season for administration and regulatory breaches.