Kidderminster Harriers’ new chairman Mark Serrell has said that the club has ‘weeks rather than months’ to sort out its finances.
The Blue Square Bet Premier side managed to gain extra time from Her Majesty’s Revenue and Customs to avoid a company voluntary arrangement (CVA) but Serrell has warned that the club’s future is still in the balance.
Serrell said: “Compared to the first of December right now I am feeling more confident, but there are no guarantees.
“Time is of the essence but it has been for the last three months.
“We’re hoping for a stay of execution while we negotiate with these people. If they come to nothing and there’s nobody else out there then there’s nothing else we can do.
“I would think it is weeks rather than months. I would love to get until the end of May, because most of the players’ contracts come to an end.
The club currently need £120,000 to pay off their debts.