AN application to Manchester Crown Court by a consortium of businessman to save Northwich Victoria from liquidation by purchasing the club and paying off most of its estimated £500,00 debts has been adjourned following a legal intervention by the Football Conference Board.
If the Conference officials’ questions can be satisfactorily answered, the winding-up petition against the club will not go ahead at a reconvened Crown Court assembly on Friday. In which case, liquidation plans brought by HM Customs and Excise will be dropped and Northwich Victoria 2004 Ltd, currently owned by chairman Mike Connett, will go into administration on that day.
This will result in the deduction of 10 points from their Blue Square premiership record leaving the team – with only three draws to show from 17 games – with a tally of minus seven points and little realistic chance of avoiding relegation next April.
Representing the consortium, businessman Jim Rushe, who is chairman of Cheshire League club Woodley Sports, says he hopes on Friday he will be given the go ahead to negotiate the purchase of the Football Club from Connett, who has agreed to rent the Victoria Stadium, which remains in his ownership, free of charge for the remainder of the season.
The longest-standing supporters’ organisation, the Northwich Victoria Trust, has been in close touch with the consortium and have agreed to help in any practical way.
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Showing posts with label Vics takeover consortium set to delay liquidation. Show all posts
Showing posts with label Vics takeover consortium set to delay liquidation. Show all posts
Saturday, 3 November 2007
Posted by Debtsgone LTD at Saturday, November 03, 2007 0 comments
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