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Thursday, 15th May 2008

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Old debts may sink Halifax Town



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OLD debts could tip Halifax Town over the edge today and put the club out of business.
A creditors' meeting on Wednesday was adjourned to the Leeds offices of administrators Begbies Traynor.

Most recent creditors may have accepted the 2.5p offer in settlement of debts proposed by the consortium wanting to take control of the club but long-standing creditors refused.

Hundreds of thousands of pounds are still owed from a previous company voluntary arrangement from 2003.

It was pressure from those creditors which led to the adjournment and now the consortium is being asked to find 10p in the pound to strike a deal.

"The older creditors are digging their heels in and it really is on a knife-edge," said administrator Peter Sargent.

A deal has to be found today to meet football rules otherwise the club faces demotion and possible liquidation.


  • For the latest news on the meeting follow the Halifax Town Clockwatch - click here. Full report and reaction in tomorrow's Courier.


The full article contains 172 words and appears in Evening Courier newspaper.
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  • Last Updated: 09 May 2008 9:38 AM
  • Source: Evening Courier
  • Location: Halifax
 
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1

ricky_fatton,

Lee Mount 09/05/2008 10:00:06
Close it and start a-fresh with no debts or ties!
2

vicroad,

elland 09/05/2008 11:58:15
ricky fatton

you are right with your first two words - totally wrong with the rest - do not start again!
3

Barry Leotard,

09/05/2008 12:00:29
Who in their right mind will give credit to Halifax Town? ever again?
4

Calder Man,

09/05/2008 12:11:32
*Please enter your comment*
5

Calder Man,

09/05/2008 12:11:50
I'll give Hx Town credit - for getting away with it so many times in the past.
6

OMP,

09/05/2008 12:14:25
It is so easy for vicroad to say close it, what about the fans who have no control over the financial mismanagement in the past, he wouldnt say that if it was his local pipe and slippers club in jeopardy!!
7

Lunchbox Len,

09/05/2008 12:37:24
vicroad... once they have closed it, the kids that have nothing better to do, should we send them round your house?
8

Lunchbox Len,

09/05/2008 12:38:22
vicroad... once they have closed it, the kids that have nothing better to do, should we send them round your house?
9

vicroad,

elland 09/05/2008 12:59:07
OMP and Lunchbox Len

Yes I still say close it - My 'Local pipe and slippers club' has been in existance for 140 years! Totally self supporting by its members and without having to appeal to the public of halifax, who will have no interest in my local pipe and slippers club' and why on earth should I expect them to support it!

Lunchbox - Yes you are welcome to send them around as it is a hobby once learnt will last them a lifetime - our youngest member is 10 years old whilst the oldest is 85! - Which sport are you able to compete at with these age ranges?

Certainly not HTFC - CLOSE IT DOWN!
10

vicroad,

09/05/2008 13:01:13
Roy Barnett said: "It is a tragedy the club has been allowed to carry on trading as long as it has.

"It has been insolvent and should have been closed down a number of years ago."

This is what I've been saying all along _ GET THE PLACE CLOSED DOWN before anyone else looses money in this so called business.

Roy Barnett is owed £195,00 why on earth should he accept only £4875. It is money that should be paid to him in full.

GET RID OF HTFC it will save some people a lot of money in the future. Because you can be sure that it they continue to trade inside twelve months they will be around with the begging bowl yet again and saying this is our last chance - CLOSE IT NOW!
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