Aldershot are set for a tense creditors meeting on Thursday to determine whether the club can continue.
The sole bidder for the club is reported to have just £610,000 of the £1.4million debt and, while they are reported to have written off £400,000 owed to themselves, are still struggling to reach deals with some other creditors.
The family of late club chairman John McGinty say they have already written off, or converted to now-worthless shares, £130,000 of the debt owed to them and they are not prepared to accept the 20p/£ offer currently on the table. Other creditors, including players, have also so far rejected their similar offers.
The Administrator says that, without a resolution tomorrow, the club will likely fold with no money left in the bank to continue to fund day to day operations.
Meanwhile, Coventry are reported in the local press to have struck a deal with Northampton over a groundshare for the coming season.
The deal, which will see home games take place 34 miles away from the Ricoh Arena, is to be considered by the Football League at their meeting tomorrow.
The Sky Blues have called a creditors meeting for July 11th. Oddly, there are reported to be just four creditors. Three of them are companies linked to the much unloved SISU, who are also strongly connected to the preferred bidders.
The only non-SISU creditor is the owner of the Ricoh Arena, ACL, who are unlikely to be able to block any CVA proposal by normal means as they are unlikely to be owed more than 25% of the £70million reported debt. They are understood to be seeking legal advice over the situation.