Hatters hopeful of takeover talks

County owe £450,000 to the Inland Revenue and Maguire's sudden departure from the Trust-run club last week has led to further uncertainty at Edgeley Park.Money is owed to several parties and, with the risk of administration and a subsequent points deduction a looming threat, Maguire is seeking to save the Cheshire outfit.Reid, who admits the club face an uncertain future, said: "Two months ago Mark came to me and said with the financial situation at the club he thought the club needed a management buy-out."Since then, Mark has contacted people he knows and is putting a bid together. So it's in the interest of the club and himself that he actually got on with this project and his position became untenable."It didn't help that we were substantially over-budget at the time."

Source: Team_Talk