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CVA Agreed But Shortfall Announced

CVA Agreed But Shortfall Announced

Aldershot's creditors have agreed to the proposed CVA by the club but there is a £50,000 shortfall.

The deal should hopefully take the club out of administration and place The Shots on a better financial footing moving forward, but the shortfall needs to be found by Monday at the latest to avoid liquidation.

Speaking to the BBC joint administrator Carl Jackson said.

'The offer we have on the table doesn't quite match what we need to overcome the Conference rules, in terms of payment to creditors. But we hope to have better news in the next couple of days.'

Jackson says that the club has been run on a shoestring since the administrators took charge, and creditors do involve former players, and if a full deal and the shortfall can't be dealt with by Monday the company will very likely cease trading.

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Writer:Site Staff
Date:Friday July 5 2013
Time: 11:25PM

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