The Football League have rejected a bid from a consortium looking to buy Stockport.
Consortium bid for crisis-torn basement boys is snubbed
Stockport have been dealt a fresh hammer blow after the Football League rejected a bid from a consortium looking to buy the League One strugglers.
The Melrose consortium, led by former Manchester City player Jim Melrose, needs approval from the Football League in order to receive a "football share", allowing the Hatters to remain in the competition.
However, joint administrators Leonard Curtis said they had received confirmation the League was "unable to recommend the transfer of the SCFC share to the prospective purchaser".
The administrators said in a statement: "We understand that certain items of required information are still outstanding.
"We remain hopeful the Melrose Consortium can still progress their interest and we will continue to provide information and support to them.
"However, we will also continue to actively seek interest from other parties and would emphasise that any such parties should notify us of their interest as quickly as possible in order to ensure the club's future."
County, who have been in administration since 30th April 2009, are rock bottom of League One after 16 matches without a league victory.