County's future will be decided by a creditors' meeting on 3rd July

It has emerged that the Administrators have called a meeting for all creditors to decide whether the Melrose Consortium's CVA will be accepted.

The CVA (Company Voluntary Agreement) will only be accepted if 75% of the club's creditors accept the decision, which is believed to be the receipt of 1% of outstanding creditor fees.

In order for this to be successful, and avoid a 15-20 point penalty at the start of the season, then the owner of Sale Sharks, Brian Kennedy, will need to accept the deal due to his ownership of the majority of the debt. It is expected that he will be in favour of the CVA as he as already struck a deal with the buying consortium to let Stockport County play at Edgeley Park next season.

There are doubts over whether the Melrose Consortium, led by ex-City player Jim Melrose, will complete the purchase of the club if the CVA fails and Stockport have to start the season with at least a 15 point penalty.

It is unlikely that the information-starved fans of the club will receive any more updates from the Administrators before the meeting on the 3rd July.