Notts County say they will avoid Administration this season after a lengthy investigation into the club accounts.
With a court date to meet a tax bill on Wednesday the club have said they are confident, with talks with creditors ongoing, of avoiding Administration and have appointed Steve Cotterill as manager until the end of the season.
Cotterill has been out of work since leaving Burnley in 2007, and will keep caretaker boss Dave Kevan as his assistant after Kevan eventually turned down the main job himself. Cotterill's first game will be against the Bulls on Saturday.
The club have also reversed one of the decisions made by Munto Finance to boot Nottingham rugby club out of Meadow Lane. The two clubs had been in a bitter legal fight over the decision, with the Magpies ordered to pay £37,000 in legal costs that they had defaulted on, with the rugby club seeking sizable damaged.
The two clubs have now agreed a new seven year lease for the rugby club to stay at the ground, with the rugby side waiving the outstanding sums and claims for damages. They will also revenue-share income from the rugby games.