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The future of Truro City Football Club has been put on hold at London's High Court for two more weeks.
There were fears that the club could've been wound up this morning over unpaid tax debts. But the court heard that the club is preparing an imminent application to go into administration.
Truro City could face a winding up order in court today.
The football club went into administration on Friday and has been in disarray in recent months over repeated court appearances, unpaid wages and uncertainty over who is in charge.
It's been announced that Truro City is to enter administration.
It follows weeks of uncertainty for the side, court appearances over debts and unpaid wages. Behind the scenes moves were made to find a way of rescuing the cash-strapped club after its meteoric rise.
The move means that the club will automatically be deducted ten points as soon as an administrator is appointed.
Saturday's home match against Boreham Wood is expected to go ahead.
Latest ITV News reports
The future of Truro City Football Club has been put on hold at London's High Court for two weeks.