Cash-strapped Mansfield Town have been put up for sale.

The Blue Square Bet Premier club are third in the table but have had to cut the playing budget and scrap the youth team and centre of excellence.

Stags chairman Andrew Saunders told BBC Radio Nottingham: "We felt that to drive the club forward, it needs someone else to take it on.

"We are not really in a position to support the club in the same financial way as we have been doing."

He added: "In the short-term, we will support the club as long as we possibly can. The club will remain for sale as long as it takes.

"Administration is not something I see happening immediately. "

The Stags dropped out of the Football League in 2008 and finished ninth last season, falling 16 points short of the play-off places.

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