Notts County executive chairman Peter Trembling has moved to reassure worried fans about the future of the League Two club.
The Magpies' parent company Blenheim 1862 has been served with a winding-up petition from HM Revenue and Customs. The club was served with a petition by HMRC on November 27 over an additional six-figure tax debt.
Trembling explained that the two petitions are not connected, but even so, County could find themselves in the Royal Courts of Justice on in London on January 27 facing administration.
However, Trembling, who bought the club for £1 from Swiss-based Middle East consortium Munto Finance in December, insists it will not get that far.
In a statement on the club's official website, Trembling said: "While appreciating that news of a petition from HMRC will come as a source of concern to supporters, I can reassure them that we are doing everything possible following the management buy-out of the club to ensure that the club's finances are put on a stable footing."
Copyright (c) PA Sport 2009, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms