LIVE updates from 11.30am...

  • Gerald Krasner confirms breakdown of Mostyn consortium.
  • Mostyn's consortium in breach of regulations and Krasner confirms Mostyn's exclusivity deal does no longer exist.
  • Last instalment of administrator funds will not be paid, says Krasner.
  • Krasner confirms club is back up for sale and open to offers.
  • Krasner reveals he is considering sales of players.
  • Creditors' meeting still set for Monday.
  • CVA proposals likely to be adjourned indefinitely.
  • Mostyn still talking to other parties, but has failed to secure other investment.
  • Option to close club down is real option if no other bidders come forward, or Mostyn cannot make another offer.
  • Krasner will make no further anouncements until after the creditors' meeting.
  • CHECK THE ECHO WEBSITE LATER FOR A VIDEO OF THE PRESS CONFERENCE. FULL STORY IN TOMORROW'S DAILY ECHO AND ONLINE.