Scunthorpe United are facing a winding-up petition from HM Revenue & Customs due to an alleged unpaid tax bill.
Begbies Traynor, the company assisting owner Peter Swann with the sale of the club, told BBC Radio Humberside that the winding-up petition “shows the urgency required by any potential purchaser.
The Iron have already been operating under a transfer embargo due to the desperate financial situation at the club.
It is understood the club will receive a court date in the next seven days.
More to follow.