THE future of Weymouth Football Club continues to hang in the balance.

The club’s board had set a 9am deadline yesterday for any deal to be agreed to gain a financial stake in the troubled Terras.

But director Paul Cocks later confirmed that the club had received “no concrete offers” and will now start “the process of reviewing the financial strategy of the club”, as well as continuing to hold discussions with interested parties.

However, Terras’ fans must now wait until Wednesday, October 28 for a further announcement on the club’s future, which remains bleak at this stage with the possibility of entering administration still a realistic threat.

Speaking about yesterday’s events, Cocks said: “Although the board has been in discussion with a number of groups or individuals who have expressed an interest in taking a financial stake in the club, no concrete offers have yet been made.

“Whilst discussions are not being broken off, the directors are aware of their legal responsibilities and have now commenced the process of reviewing the financial strategy of the club going forward.

“That process will be concluded at the beginning of next week and it is anticipated that an announcement will be made on Wednesday of next week.

“We regret that no more specific information can be given, but because of the land ownership situation there are complexities that have to be resolved before a final decision can be announced.”

Cocks stated in yesterday’s Echosport that there were four approaches for the club “under consideration” but only two of those were viewed as “serious”.

And in a further twist, an Essex-based consortium – headed by former chief executive Gary Calder’s son, Gary Calder Jnr – saw an offer for the land surrounding the Wessex Stadium rejected by ex-chairman Malcolm Curtis.

Terras’ director Ian Winsor said: “As Malcolm Curtis’ accountant I can confirm that the offer is 100 per cent refused.”

Cocks added: “No concrete approach has been made to the club by any group involving Gary Calder. We gather that a representative of a relative of Mr Calder approached Malcolm Curtis about ownership of the land, but we gather that proposal was dismissed out of hand.

“In any event, questions relating to ownership of the land are not just for Mr Curtis, they are for Wessex Delivery Partnership, in which Mr Curtis is only one participant.”

Next week could be another busy one in the troubled life of Weymouth FC with the 14-day notice set by Curtis – for the club to deal with the debts owed to Barclays Bank and Carlsberg, or at least respond to his letter regarding the demands – due to expire on Monday.

Referring to on-the-field matters, Cocks revealed: “The board of directors have been impressed with the work being done by Ian Hutchinson and have asked him to remain in charge of team matters whilst the club’s finances are being reviewed. Ian has, happily, agreed.

“Until such time as the financial review has been completed, no other applicants will be interviewed.”

Hutchinson meanwhile has confirmed that midfielder Dean Smith is still with the club but striker Matt Cooper has been released from his contract and has now joined Paulton Rovers.