ACCRINGTON Stanley could be set to announce in the next 48 hours that the threat of winding up proceedings on October 28 is over.

Stanley were given until then to pay off an outstanding £308,000 tax bill but have now put a plan in place to secure sufficient funding to meet the debt.

The Reds had already raised around £100,000 via the Save Our Stanley Fund, set up last month, and key figures within the club – including joint chairperson Dave O’Neill and chief executive Rob Heys – had pledged to put in a combined £100,000.

It is expected that further fund-raising events – including last night’s friendly with Blackburn Rovers, which attracted a bumper gate of 2,453, will raise at least £50,000.

And it is now understood that local businessmen have offered Stanley a £50,000 short-term loan to take the club up to the £308,000 mark.