Overview
- A consortium led by James Bord ended its pursuit after due diligence indicated the club was worth significantly less than its offer and the deal terms limited any renegotiation.
- The group says it spent over £4m covering running costs and had already paid a £2.5m non‑refundable deposit during its exclusivity period.
- Begbies Traynor says previous bidders have re‑expressed interest and the sales process is being expedited, with PA reporting a Thursday meeting with an Ashley representative.
- Administrators state the club remains funded to complete this season while in administration and that they aim to secure the best outcome for creditors and a responsible exit.
- Relegation to League One was confirmed on Feb. 22 after 18 points in deductions this season, and reports indicate a valuation near £30m may be required to avoid another penalty next term, with David Storch among those still interested.