Southend United have been granted a final 42-day adjournment of their winding-up petition by the High Court to complete the sale of the club.
Owner Ron Martin told the court a sale to an unnamed Australian buyer should be finalised by the end of September.
The club were given a 42-day adjournment on their previous appearance in court on 12 July to clear debts and find a new owner.
The takeover must now be finalised by their return to court on 4 October.
The judge warned Martin the club, founded in 1906, would be wound up if that deadline was missed.
The Shrimpers, who have debts of £2.5m, owe £275,000 to HMRC in unpaid taxes and were warned by the National League that failure to clear that by Wednesday would result in a 10-point penalty.
More to follow.