Sadly yes. Fekkin disgrace and the EFL should be accountable based on their fit and proper owner bullshit. I'm not saying financial incompetence should be rewarded, but when you have clubs of 100+ years going to the wall because of bad owners for the value of a top Premier league players weekly salary, the game is fucked. Relegated them and put it in the hands of a fans group with financial help meaning they can't stretch their budget.
They are still alive - but on life support.
They are still members of the National League.and have a couple of weeks grace until this is reviewed i think.
Think we'll see a "Nuneaton Borough/Town scenario" here. Owner will liquidate (?) and they'll re-appear in the Northern Premier League. (Next season)
Horrible for their fans and any employees of the club in it's current form.