League One side Gillingham hope a meeting with main creditor the Bank Of Scotland on Wednesday will mean they can avoid Administration.
The Kent side are £9.2million in debt after committing to rebuilding their stadium after the Football League signed the failed £315m deal with ITV Digital for TV rights. Chairman Paul Scally maintains the side is profitable in it's own right, but interest payments on the debt are crippling the club that was relegated from the Championship last season.
"Until ITV Digital collapsed, we were actually making a profit every year, with very little debt. The shareholders in (ITV Digital's parent companies) Carlton and Granada need to take a very hard look at themselves, because what they've done to football, and clubs like ourselves, is frankly deplorable. But I'm 100% confident that we won't go into administration before the meeting on Wednesday, and I don't believe we'll be going into administration after that meeting. I fully expect the bank to support us in the future." Scally told BBC Sport.
Administration carries a 10 point penalty, and with Gillingham already struggling at the wrong end of League One a second successive relegation would be difficult to avoid if the penalty was imposed.