OXFORD CITY have enjoyed a more positive last few days, with the club claiming they have paid their outstanding tax bill while also picking up their second win of the season at Bath on Tuesday night.
The National League South outfit were due to face a winding-up petition at the High Court on Monday but that didn't materialise with chairman Brian Cox saying all outstanding tax had been paid.
Had the club gone to court, the judge could have issued the club with a winding-up order that would have put their 134-year history at risk.
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Chief Cox has also revealed that the club are searching for new investment and are in talks with interested parties although no cash injection is imminent.
“We are talking to several people at the moment to try to get some investment in, but it's just talks at the moment,” he told the Oxford Mail.
“Of course you might get one of them (creditor) who says ‘no, we won't wait any longer', but they are not going to do themselves any favours if they do that because you can't get something out of nothing.”
It has been a tough few months for the club after a promising start to the 2015-16 season on the pitch ultimately led to a 12th place finish.
Former club president Thomas Guerriero was jailed for fraud in May and managing director Colin Taylor was found dead at the club's Marsh Lane home in July.
They had also had a slow start to the new National League South season and sat second bottom of the table before Tuesday night's 3-1 victory at Bath, thanks in part to a double from new signing Mike Fondop.
Boss Justin Merritt, meanwhile, has moved to strengthen his side with three loan signings from neighbours Oxford United. James Roberts, Josh Ashby and Jonny Giles have all agreed temporary switches to Marsh Lane.
