Rambo
1st team Player
Posts: 1,664
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Post by Rambo on Mar 5, 2010 22:53:37 GMT
Taken from the BBC website -
Weymouth chairman George Rolls hopes to enter the club into a Company Voluntary Arrangement with creditors to save the Terras from liquidation.
Rolls rescued the Blue Square South club from administration in November, but debts have now spiralled to an estimated £900,000.
The arrangement would allow Weymouth to pay off their debt over an agreed period of time.
A meeting between creditors will be held on 26 March to discuss the terms.
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taz
Top Performer
Posts: 3,760
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Post by taz on Mar 6, 2010 10:32:51 GMT
Getting daft now. Fairly sure the debt was about 700k when Rolls took over. If so, that's 200k worth of debt that's surfaced since November. Either that or his regime has generated it.
Utter joke club.
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