In April 2009, Stockport County was placed into administration due to a loan to a creditor of around £300,000, and a tax debt of £250,000 to Her Majesty's Revenue and Customs. Two months later, County's administrator, Leonard Curtis, announced terms had been agreed with the Melrose Consortium—headed by ex-Manchester City player Jim Melrose—for the sale of the club. In July, administrators agreed to a company voluntary arrangement with the previous shareholders and creditors. The Melrose Consortium bid was rejected by the Football League, however, in March 2010. A new consortium, the 2015 Group, was given exclusivity to work towards a takeover of the club.