Southend United have turned down an offer to buy the club from an unnamed consortium, reports BBC Essex.
The Shrimpers owe nearly £700,000 in unpaid taxes and, if they go into administration, will be docked 10 points by the Football League.
They still face a high court hearing on Wednesday, when they could be placed into administration.
But Shrimpers chairman Ron Martin has turned down the offer from a group of local businessmen.
Southend are understood to have overall debts of £2.1m.
What are these?
Print Sponsor
E-mail this to a friend 
Printable version 
~RS~a~RS~Domestic~RS~q~RS~~RS~z~RS~26~RS~" height="1" width="2" alt="" /></p loading=)
Bookmark with:
What are these?