Rumours, totally uncorroborated, have been circulating that the club could go into administration by the end of February 2009. However, the source is not totally unreliable.
My personal view is that the club's financial position is not so bad as to require that. On the other hand, if one was going to go into administration, it would be better to do it this season when we are almost certainly relegated and take the points hit now.
A new investor could then acquire the substantial assets of the club at a substantially reduced price. However, I do not see how that could benefit the current board, who have lent substantially to the club. Hence, I am inclined to discount it as a possibility, but I would not rule it out altogether.