Swindon Town are up for sale with principal owner Andrew Black no longer willing to finance the club.
The Robins went into a transfer embargo before Christmas, with the club blaming it on short term problems, but this morning it has been admitted that the club is looking for a new buyer. The press also speculates that they may go into Administration to shed their massive debt.
Black invested into the League One club five years ago, having set up Betfair, as part of a consortium that cleared £4million in debt. Fellow consortium member Jeremy Wray left his chairman's role late last year, with the press claiming that the monthly wage bill at the County Ground is £250,000.
The club say they are in talks with potential new investors, but that entering Administration has not been ruled out. It is claimed that they can shed up to £9million of their debt through Administration.