A consortium of businessmen in Darlington have failed to buy the town's football club before its current owner, Mr Raj Singh, placed it into administration. It had been reported that a last ditch attempt was made to save the club.
The club has previously fallen into administration in 2003/4. Mr Singh the chairman had been investing some £80,000 every month to keep the club running, the players went unpaid in December. Mr Singh issued a statement in it he said ""I know I can leave the club knowing that I tried everything I possibly could to make Darlington FC work."
However, the consortium of investors may be able to buy the club out of administration to take it forward.