Town chairman David Sheepshanks has admitted that he and his board could be forced to leave the club - if creditors refuse to accept the CVA. Sheepshanks was speaking to TWTD in an extensive interview which appears in the latest issue of the fanzine.
Asked what would happen if the club's creditors refused to agree to the CVA, Sheepshanks told us: "Then the club goes into a deeper administration and it would probably involve a disposal of the assets, like a Leicester situation.
"It would probably mean that the existing structure of the club would be broken up, the existing shareholders would lose their entitlement and I'd be gone, the board would be gone and somebody would have to create a new company to build it up."
However, the chairman feels that this is not a likely occurrence: "I think from everybody's point of view that if that happened unsecured creditors would be very unlikely to receive a bean and further more even secured creditors might get less.
"I'm not taking anything for granted, I'm just saying that it is unlikely."
The full interview with the chairman covers administration, the CVA, how the club got into the current situation and what might happen over the summer as well as much else. It will be on sale around the ground on Wednesday and Saturday.