Notts County have had a winding-up petition against them from HM Revenue & Customs adjourned for a second time to allow more time for owner Alan Hardy to sell the club.
The 157-year-old club will again appear in the High Court over an unpaid tax bill, understood to be now be around £800,00, on 10 July.
Notts had already been given eight weeks to pay off the debt.
Since April's court appearance, they have been relegated from League Two.
The Magpies will next season play non-league football for the first time in their history, having been a founding member of the Football League in 1888.
Notts owner Hardy, who has had parts of his interior design company Paragon sold off by administrators, first put the financially-troubled club up for sale in January.
However, it has been reported that the poor health of Terry Pritchard, the man brokering the sale, has delayed the process.
In a statement, the club said: "Notts fully understand supporters' frustrations and concerns surrounding the club's ownership situation but stress that strict confidentiality measures must be adhered to in order to ensure a deal is completed professionally and in line with all regulations."
BBC