Quote Roofaldo="Roofaldo"If there's genuine interest from buyers then yes, an extension may be granted by the administrator because it's his job to actually SELL the club so if he liquidated the club while there's buyers in the wings he's not doing his job properly.'"
At the risk of being pedantic, the administrator's job is to maximize the value for creditors, either by selling as a going concern, or selling assets. An administrator will usually try to sell a business as a going concern as in most cases that will offer a better return for creditors.