Woking Football Club is on the verge of administration if a buyer is not found, according to owner Drew Volpe. Volpe and his business partner John Katz took over the club in 2021, but Katz stepped down as chief executive officer in June. A £600,000 loan from Volpe's parents has allowed the club to begin the new season next month. Without the loan, the club would now be in administration, Volpe admitted. The BBC reported that Volpe is now more confident a deal could be reached for new owners to rescue the club after making 'great progress' with takeover talks. Volpe told BBC Radio Surrey that the club's liabilities mean it will likely be sold for £1. Last season, the team regressed to end the campaign 17th, having pushed for promotion in the 2022-23 season. The club's financial struggles have been well-documented, and the search for a new owner is ongoing. Volpe's comments suggest that the club is still in a precarious position, despite the loan from his parents. The future of Woking Football Club remains uncertain, with the possibility of administration looming large. The club's fans will be hoping that a buyer can be found soon to secure the club's future. Woking's players will be preparing for the new season, despite the uncertainty surrounding the club's ownership. The club's management will be working to ensure that the team is ready for the upcoming season, regardless of the outcome of the takeover talks.