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Veteran manager Colin Todd is set to become Darlington's manager and the club will exit Administration before the end of the week, a local paper claims.
The Northern Echo reports that the former Bolton, Bradford, and Middlesboro manager has offered Dean Windass the no.2 role with a takeover of the club, believed to involve ex-Chairman George Houghton, due to be completed within days.
But the club could face further sanctions after their accountants released the accounts for the 2006/7 season - and showed the club paying 110% of it's turnover on wages. The accounts, to October 31st 2007, show the club to have a balance sheet that was over £5million in the red and spending nearly £300,000 more than it's total earnings on wages. The wage bill worked out at over £55,000 a week during the year in question.
The Football League are to investigate the figures, with staff salaries - including all players and office staff - not to exceed 75% of turnover under the same rules that prevent players' wages being more than 60% of turnover.
