Peter Grummit
Well-known member
Manager Hollins departs Crawley
Lewes defeat final straw?
Lllleeeewwwweeeesssss!!!!
PG.
Lewes defeat final straw?
Lllleeeewwwweeeesssss!!!!
PG.
Or the week.Tom Hark said:There's a club going down the pan, sadly. Can't see them lasting the season.
BT 57 06
30 October 2006
Crawley Town Football and Social Club Limited
Statement from Rob Sadler, partner at Begbies Traynor, joint administrator and joint supervisor for Crawley Town Football and Social Club Ltd.
The joint supervisors confirm that only limited funds have been received by the 4pm deadline for the monies to be received from S A Retail Limited in settlement of the monies required pursuant to the Company Voluntary Arrangement of Crawley Town Football & Social Club Limited.
The joint supervisors have discussed at length with the company directors and representatives of S A Retail Limited the reasons why not all of the monies have been remitted. They have advised that S A Retail Limited remains committed to supporting the football club and that the funds are unavailable due to reasons beyond its control.
S A Retail Limited is currently continuing to raise the balance of funds due both from within the S A Group of companies and by seeking external investment. In the meantime, the joint supervisors will take steps to realise the equity within the former chairman's, Azwar Majeed, residential property. The property is already on the market for sale.
The joint supervisors will now convene a further meeting of creditors to discuss the conduct of the Company Voluntary Arrangement and will continue to use their best endeavours to ensure the survival of the football club and a return to creditors.
malcolm prescott said:could do a job