Update: Darlington will play their next three games pending further talks after the Administrator reached a deal with the DFC Rescue Group.
Talks over the future of Darlington have gone past the noon deadline after a rescue bid came in after the Administrator had told players the club was to fold.
The Administrator admitted defeat in his attempts to find a buyer after lengthy talks with several parties in a Noon meeting with the players. Former chairman George Houghton, who took the club into Administration in 2009, made an enquiry but told the local press the club owed £1.2million and it was 'too far gone' to be saved.
Rumours flew around last night that Raj Singh had reneged on his promise to not take a penny from the club, with a property developer rumoured to have proposed a buyout that would have seen the club relocated to a more modest £2million stadium and the existing site redeveloped.
However no deal was done and, with Singh refusing to answer his phone in a bid to make a last-minute deal, the Administrator was set to pull the plug until the Darlington Rescue Group turned up at the ground with £50,000 to keep the club running.
The Administrator is now to hold talks with the group at 1.15pm, with a foreign-based fan reported to be offering a further £150,000.
Update: Raj Singh has told the local MP he will not take a penny from any agreement to sell the club, but he wants a cut of any future development of the ground, which he doesn't own. Player Aaron Brown has told the BBC he will leave the club regardless, leaving their senior playing staff at just nine.