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The Administrators and Shahid Azeem Consortium have released a fresh statement within the last hour.

To view the full statement please click here.

'The Joint Administrators and the Consortium (buyers of the Club), headed by Shahid Azeem are delighted to announce that at a meeting this afternoon, Monday 15th July, an agreement in principle was reached whereby both parties will enter into a Conditional sale and purchase agreement (to be signed tomorrow morning) with a view to the consortium taking the club out of Administration and ensuring the Club's long term future, specifically playing Conference National league football next season.

'The sale could not have been achieved without the massive support of the fans and creditors whose donations and generosity have helped bridge the funding gap required to meet the CVA and Football Conference rules. This together with sums paid by the consortium, both to settle Creditors and to provide working capital to fund the club going forward, ensure a bright future for the club.

'The Agreement is still only conditional as the transaction needs to be ratified by the Board of the Football Conference and until they have confirmed their approval, we should still be mindful of this last hurdle to overcome.'

A meeting will be set with the Football Conference over the coming days, but in advance of hopefully recieving their agreement to take us out of administration, football training has now commenced again at the club in advance of the coming season.

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The Journalist

Writer: Site Staff Mail feedback, articles or suggestions

Date:Monday July 15 2013

Time: 7:18PM

 

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