A FRUSTRATED Andrew Fitton admits Town would need to "crawl back on their hands and knees" to resurrect any takeover deal - revealing two late amendments were the final nail in the coffin.

The Wiltshire businessman broke off negotiations with Town yesterday morning, declaring the deal dead, after claiming extra clauses were being added to the initial contract as late as yesterday morning.

With the County Ground outfit now on the brink of receivership and potentially ceasing to exist, Fitton has expressed his sympathy for fans and players alike but insisted there was no way he could do the deal. He revealed:

1) A monetary issue, not including property rights, were late amendments received by letter yesterday morning.

2) He genuinely believes the deal is dead forever.

3) The majority shareholders are still holding out for money from a club that is worthless.

4) His consortium would have been worth hundreds of millions of pounds and would have secured Town's long term future.

5) Liquidation is a distinct possibility which would result in a 15 point deduction.

Town claim the major hurdle was regarding the repayment of the interest from a £2.8million loan to St Modwen - who formed Shaw Park Developments as part of a joint venture with Town's Holding Company.

But Fitton said: "If they believe that the breakdown was down to a loan owed to St Modwen then they are more deluded than I thought.

"It was very clear what the deal was and it was actually drawn up and agreed to as long ago as October. Are you telling me they have just seen something in the deal now?

"We received two amendments to the deal this morning (Thursday).

"One was monetary, which I don't think it is fair to talk about, and the other was to the development rights.

"We said from the start the development rights must come back into the deal. That was very clear.

"It slowly dawned on the club, as I pointed out, there were various technicalities for why they could not do that.

"If they could not do it then there is no deal. They just said it should be sorted out later."

Fitton described his consortium as "fatigued" by the protracted talks and admitted it was difficult to see any way forward.

"The problem is they cannot get their head round the fact this club is not worth a lot of money," he said.

"We had agreed to clear £5m of debts and we were going to put another £1m in ourselves.

"We would have ensured the club survived and moved on for the first time for a long time.

"We would also have been able to make decisions for footballing reasons rather than financial ones.

"It is difficult to see any way back.

"The only way is if they came crawling back and agreed to anything we put in front of them.

"One of our members is a very wealthy businessman.

"I am rich but this guy is in a different league.

"Our consortium, with just four men, was worth hundreds of millions of pounds."