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Statement comes out following reports that Notts County are on brink of administration

A statement has been revealed this afternoon following reports that Notts County are on the brink of administration.

The League Two side, who sit bottom of the EFL and with five points from safety, face serious financial concerns, that could threaten the future of the world’s oldest Football League club.

Chairman Alan Hardy put the club up for sale last month, after accidentally posting a naked picture of himself on social media, however he says that wasn’t the reason why.

Hardy’s company Paragon is believed to be in debt of £7million and could go into administration which will ‘likely to call in the debt from the football club’.

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THE STATEMENT:

“Notts County owner and chairman Alan Hardy has responded to today’s media reports and provided an update on his attempts to sell the club.

“Further to recent speculation about the financial performance of Paragon Interiors Group PLC and any impact this may have on Notts County Football Club, I want to assure supporters that the club will not be affected.

“In the coming days I expect to receive a formal offer to purchase the club from an overseas consortium and more updates will follow in due course.

“In the meantime, I will continue to support the club as best I can while dealing with a very difficult and stressful situation at Paragon.

“Thank you for your continued support.

“Alan”

 

Football fans have taken to social media to give their reaction to a statement which came out following reports that League Two side Notts County are on brink of administration, and it’s fair to say it’s rather mixed – take a look at those tweets on the next page.

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