By August 2006, only one bid had come in for the club which was from the current owners; it was rejected by three to one; the administrators were therefore obliged to liquidate the club and it was announced that the club would fold later that day. However, a couple of days later, in one final attempt to rescue the club, the creditors met again to decide on a final offer. The creditors were split and so the administrator voted in Crawley Town's favour, allowing them to start the new season. The creditors would meet 14 days later to decide on an offer of 50p in the pound. The club was told that if the offer was rejected then the club would fold there and then, and there would be no going back. By September 2006 the club's debt was at £1.8 million making former/current players and staff the biggest creditors and giving hope that a rescue bid would be accepted. The offer of 50p in the pound was later accepted and Crawley Town were able to continue playing for the time being, though this didn't stop HMRC from trying to wind up the SAGroup (Majeed's company) over unpaid taxes. Azwar Majeed was later jailed for tax fraud relating to his various other businesses.