acombred
First team captain

Joined: 14 Jul 2002
Posts: 3680
Location: York, UK
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Posted: Thu Mar 25, 2004 10:13 pm Post subject: Sign a petition to help Darlington fans |
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A Petition to the Football League
Click here to sign the petition
Darlington Football Club was placed into Administration on the 23rd
December 2003 to avoid a winding up order being presented by the Inland
Revenue. The full scale of debts at the club are still be evaluated by
the Administrators but are estimated at anywhere from £6m to £30m, the
largest creditor being George Reynolds who resigned as Chairman earlier this
year.
One of the Club's secured creditors, a finance organisation that loaned
money to build the Reynolds Arena, had reached agreement with the Administrators to take the Club out of Administration, but this has
been blocked by ex-chairman Reynolds. Mr Reynolds has over the last few
months indicated that he would accept 10p in the pound, but is now saying that he will not agree to any sale of the club and that it will close.
The Club could be sold under normal insolvency rules, but the Football League
regulations which require all the creditors to agree to a sale leave
the future for Darlington FC looking bleak. It is very likely that
Darlington FC will go out of business.
The rules, of the Football League as they stand at the moment, are
benefiting the people who have caused the problems and penalise genuine
parties who could give clubs a realistic future.
We therefore ask the Football League to relax their rules
on the procedures for club's coming out of Administration in order to
preserve the future of Darlington Football Club.
Sincerely,
The Undersigned
Click here to sign the petition |
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