Just got this message back from The Football League:
Dear Mr bailey
It is The Football League’s policy to limit the period a member club can spend in administration to a maximum of 18 months.
This policy was introduced by The League Board during Notts County’s lengthy spell in administration, following widespread concern that the prolonged protection from their debts they received by being in administration was beginning to undermine the integrity of the competition they were playing in.
However, as in the case of Notts County and several other clubs that have been in, and ultimately come out of, administration the League’s deadline has actually provided the catalyst for a positive resolution of the issues involved.
It is our aim that this will also be the case for Wrexham.
Thank you for contacting The Football League.
Patricia Brown
Customer Services
The Football League Limited