Notts County have been placed in a temporary transfer embargo in connection with unpaid bills.
The club are currently up for sale and searching for a new manager after Mark Cooper left at the end of the season.
Chief executive Jason Turner said in a statement the Magpies had settled an outstanding bill with HMRC in April.
But he added: “As with any other business in the course of a potential sale, it is not unusual for creditor payments to be extended whilst discussions are ongoing with potential investors.
“I can confirm that all outstanding liabilities to HMRC were settled prior to the original court date in April and no monies are currently overdue.
“Football League rules state that clubs failing to meet HMRC payments or football creditor debts on time are automatically temporarily embargoed until such time as these payments are settled.
“We are currently in the process of scheduling due payments to ensure that the club can re-engage with out of contract players and enhance the squad when the new manager is appointed.”
Chief executive Jason Turner said the club was still on the market
He added the search for a new manager is ongoing at the end of what he called a “a season of instability, uncertainty and considerable change”.
“The situation with regards to the sale of club remains the same,” he said.
“It is my understanding that discussions and negotiations have not progressed as quickly as the owners had previously envisaged.
“Talks with interested parties do remain ongoing, however, the need to find a genuine party with the right vision, skillset and resources remains their priority.”
