Complex sentence: On 2 August 2016 the club was placed in receivership, given a probationary period of two months to save itself, and assessed a further administrative relegation at the end of the 2016--17 season.
Split into simpler sentences: On 2 August 2016 the club were placed in receivership, and given a probationary period of two months to be saved. This would have meant a further administrative relegation at the end of the 2016--17 season.