Rambo
1st team Player
Posts: 1,664
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Post by Rambo on Sept 3, 2009 20:50:57 GMT
Salisbury City have gone into administration and will incur an automatic 10-point deduction in the Blue Square Premier.
The club owes around £200,000 to HM Revenue & Customs, who have brought a winding-up petition against the club.
The move offers Salisbury protection from their creditors, but means they are now second bottom on zero points.
The administrators are in talks with a couple of potential buyers and are confident the club will survive.
"There are a couple of interested parties who have been in discussion with the club for a number of months," Mike Fortune, the club's joint administrator, told BBC Wiltshire.
"I'm very hopeful that the deal that can be put to the creditors will be accepted and the club will continue for the foreseeable future.
"The club is on a very tight cash flow so the more people that turn up and support will strengthen the chances of survival and the long term future of the club.
"Had the club not gone into administration they would have ceased trading probably at the end of October possibly earlier."
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Post by Del on Sept 4, 2009 6:33:48 GMT
Thats odd.They said they had no creditors a few months ago.
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Post by Chalmers on Sept 4, 2009 19:13:16 GMT
Everyone seems to leave out HMRC as a creditor
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