27 Jan 2010Notts County 'secure fresh investment'

Football Clubs News | Football Finance News

Notts County have declared their financial future to be secure after finding a new investor.

In an announcement on their website, the club said that they expect contracts to be sorted out within the next four weeks, after which time they will release details of the agreement, along with the name of the person or group who is injecting money into the Meadow Lane side.

HM Revenue & Customs is said to be satisfied that the investment is genuine and has agreed to a 28-day period for the deal to be finalised.

Notts County claim that "all existing club debts" will be satisfied through the deal, which will also allow them to have "working capital both in the short term and in the long term".

Despite off-pitch difficulties, the Nottingham team are currently in sixth place in League Two, six points behind second-placed Bournemouth, whom they have three games in hand over.

Dave Kevan's side face Barnet at home on Saturday (January 30th).

Written by Paul Roberts

© Copyright