George Rolls has admitted it would be “foolish” to appoint a new manager of Kettering Town before next friday’s creditors meeting.
The news comes on the day details of the Poppies’ proposed Company Voluntary Arrangement (CVA) were released into the public domain.
As reported at a fans forum last month, Rolls, previous chairman Imraan Ladak and the other current and previous directors have agreed to write off their loans to the club.
Other companies and staff, including a number of players from last season, listed as being owed money by the club are likely to received 10p in the £1 should the CVA be approved next week.
Should it be approved, the Poppies are set to be confirmed in the Evo-Stik Southern League Premier Division at the annual meeting a week on Saturday but if the agreement isn’t made, the club will face liquidation.
Speculation over the identity of the new manager has continued to run with John Beck and Richard Dryden being named as the frontrunners by Rolls.
But the club’s acting chairman said: “I think it would be foolish to appoint a manager before next Friday.
“If, for whatever reason, the CVA isn’t approved then there would not be a club.
“I am confident it will be approved but to appoint any manager before then would be foolish.
“But I am not concerned about the timescale that will be left to sort out a manager and players should we get the go-ahead.
“We have had hundreds of players getting in touch saying they want to play for the club.
“This is still an attractive club to play for due to the facilities and fanbase that we have.
“The response from players has been incredible but we will wait until after next Friday before we start sorting that side of things out.
“Like I said, this is a good club and a big club and I really hope our supporters remember that and come and get behind us again.
“I honestly believe that if the CVA gets approved then it won’t be long before this club is standing on its own two feet again.”