Plymouth Albion have been granted an extension to find the funds they need to avoid
Albion, who are eight points adrift at the bottom of the Championship, will make a statement on their financial future on Friday, 16 January.
The club had until Wednesday to come up with £250,000 to see them through until the end of the season.
Should the club go into administration they will be docked 20 points, effectively relegating them.
|Albion's financial troubles|
|April 2010: Club launches an appeal to raise £100,000 to avoid the need to go into administration|
|January 2012: Albion raise further money to avoid administration after they part with head coach Pete Drewett as they could not afford his wages|
|January 2015: Albion announce intention to appoint an administrator unless they can find £250,000 to keep them solvent until the end of the season|
The club won their first game in English rugby's second tier since March when they beat Moseley 19-18 on Saturday.
On Monday, the club said they were
The club currently gets £380,000 per year in central funding from the Rugby Football Union, a sum which