5 September 2003

NOTTS COUNTY INCORPORATED FOOTBALL CLUB LIMITED (IN ADMINISTRATION)

Paul Finnity, partner in Kroll’s Corporate Advisory & Restructuring Group and Joint Administrator of Notts County Football Club, provided an update on progress made in the ongoing negotiations with the consortium wishing to purchase the club.

“We have made some significant progress following some very fruitful and successful discussions these last few days. We are more confident now than at any time in the last month that we will have a deal that can satisfy the requirements of both the Football League and the Company Voluntary Arrangement.

“However, to finalise the deal the Notts County Supporters’ Trust need to raise £250,000, which they are hopeful of securing following declarations of financial support from fans of other football clubs. We are fully behind this initiative by the Notts County Supporters’ Trust to hold money-raising activities at football grounds up and down the country.”

“Full credit should be given to the Blenheim Consortium who came forward at short notice when it became apparent that the previous deal could not be successfully concluded to the satisfaction of the Football League. In addition, the City Council have been amazingly supportive and are wholeheartedly behind this consortium’s bid to save the club.”

Mark Durkin, Treasurer of the Notts County Supporters’ Trust, commenting upon the initiative, said:

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“The level of support given to us from fans of other clubs has been absolutely phenomenal. Regardless of their own allegiance, football fans around the country are making it clear that, for the good of football as a whole, the World’s oldest league club must not disappear.

“At many grounds Supporters Trusts will be holding fund-raising activities to demonstrate their support and help save Notts County. Tomorrow is an opportunity for all fans to do their part to help in our fight to save a unique part of football heritage.”

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Paul Finnity added:

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“Whilst we have one or two things still to finalise before the meeting of the Board of the Football League on Monday, we are cautiously confident that there won’t be any last minute hitches and a deal acceptable to all parties will be agreed. But any financial help provided by football fans around the country will be greatly appreciated and truly demonstrates that the football community wants Notts County to be saved.”

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-ENDS-