Overview

• After extending its deadline from 4pm to 6pm on July 1, the board warned it would trigger administration when Jason Whittingham failed to complete the sale.
• Rather than transfer his shares, Whittingham responded by dismissing the entire board that had set the ultimatum.
• The Panjab Warriors consortium has passed the EFL’s owner and director tests but cannot finalise the acquisition without the share transfer.
• Bond Group’s inability to meet payroll obligations has caused delayed wages and led to a three-point deduction during the 2022-23 season.
• If the takeover does not close imminently, the club founded in 1920 could enter insolvency and risk its place in the English Football League.