Notts County progress with investment talks
League Two Notts County say they have reached an advanced stage in talks over securing new investment. The club are looking for an investor to help pay a six-figure tax debt to HM Revenue and Customs.
Executive chairman Peter Trembling and director of football Sven-Goran Eriksson have been in meetings in London this week and are heading to Europe for further negotiations, although they have advised interested parties that a deal needs to be concluded within a "very ambitious timeframe".
"We have been very encouraged by the progress which has been made in a couple of weeks," read a statement on the club's official website. "Normally, to reach this stage would take several months.
"Our commitment to repay our outstanding HMRC debt remains unchanged and it is our intention that this is discharged ahead of the hearing scheduled at the end of this month.
"Our cash flow has been adversely affected by the cancellation of three consecutive home games. We had anticipated clearing all creditor obligations this week and although that has not been possible, as with our HMRC obligation, we intend to clear the debt immediately."