Richard Chown Posted October 12, 2012 Report Share Posted October 12, 2012 BBC © BBC Radio Cornwall has been told by both James Moore (club's administrator's solicitor) and Dennis Strudwick of the Football Conference that Truro City Football Club has been given until 5pm next Thursday (18th October) to pay the £50,000 guarantee. The Football Conference has told BBC Radio Cornwall that it has spoken with Mr Moore today and is 'encouraged' by what it has heard. Tomorrow's game against Dover is still off. This is clearly an evolving story, and we will aim to bring you more information on-air with Martin Bailie after 5pm. Link to comment Share on other sites More sharing options...
TheolderIgetthebetterIwas Posted October 12, 2012 Report Share Posted October 12, 2012 Its become absolutely stupid now. Deadline after deadline. If someone stumps up the £50k and TCFC fold, then they lose the money. They then have the debt to deal with and the ongoing wages for everyone. Who in their right mind would do that !!!! No assets, minimal income and no prospect of improving it, bar the odd bucket collection, horse race night etc. I don't think its gonna happen. Just delaying the inevitable. Memo to the dummies at CCC if you help TCFC then you will be getting a call from me for my club. Link to comment Share on other sites More sharing options...
cornishteddyboy Posted October 12, 2012 Report Share Posted October 12, 2012 From THIS IS CORNWALL The rollercoaster adventure of Truro City Football Club continued today with a stay of execution. The Football Conference was fully expected to formally expel the club at a board meeting this afternoon. But in a surprise move the board voted to give Truro City one more week to come up with a £50,000 bond necessary to keep the club in the league. Walsh Taylor, the administrators brought in to run Truro City, said last night that the rescue plan had failed and expected the club to be thrown out of the league The administrators originally had until 5pm yesterday to provide the £50,000 bond. They could not raise the money and instead proposed a bond of £10,000 from Cornwall Council that would see the club through the weekend with a potential buyer guaranteeing payment of the players' wages. The board meeting this afternoon was thought to be a formality but the Football Conference released a statement which said: "In respect of Truro City FC's membership of the competition, the Board has received encouraging information from the administrator about a potential buyer of the club. This opportunity did not come to light until Wednesday evening so it was not possible for the administrator to complete a purchase before close of business on Thursday. At an emergency board meeting held on Friday afternoon the directors expressed their hope for this latest development and granted the Club, through the administrator, seven further days, until 5pm on Thursday 18 October, to meet its requirements and complete a sale. If the club fails to meet this deadline, the board will be obliged to consider the club's further participation in the competition." Administrators will now be working with the potential purchaser to put a full rescue package together. The deal came too late to save Saturday's match against Dover Athletic which remains cancelled. Link to comment Share on other sites More sharing options...
cornish-blue Posted October 12, 2012 Report Share Posted October 12, 2012 Deal is being put together by local business man! Will be completed way before Thursday deadline! Lets hope he ain't small and ginger,, never say never Link to comment Share on other sites More sharing options...
baldy Posted October 12, 2012 Report Share Posted October 12, 2012 So why didn't he make it happen this week. It's hardly been a secret. Another false dawn I expect. Link to comment Share on other sites More sharing options...
B Manning Posted October 12, 2012 Report Share Posted October 12, 2012 I do not think there is a cat in hells chance of the club being able to financially support itself, just who on earth would buy nothing but debt. Link to comment Share on other sites More sharing options...
The Soup Dragon Posted October 12, 2012 Report Share Posted October 12, 2012 You heard it here first, local business man, wants to stabalise club, then push club on once can financially support its self, watch this space, good things are gonna happen! is he overly keen on sunbeds? Link to comment Share on other sites More sharing options...
mattelot Posted October 12, 2012 Report Share Posted October 12, 2012 You heard it here first, local business man, wants to stabalise club, then push club on once can financially support its self, watch this space, good things are gonna happen! cant wait to see the logo on the shirt !! do you work for him then ? Link to comment Share on other sites More sharing options...
kempy Posted October 12, 2012 Report Share Posted October 12, 2012 You heard it here first, local business man, wants to stabalise club, then push club on once can financially support its self, watch this space, good things are gonna happen! is he overly keen on sunbeds? Not Des O'Connor . Link to comment Share on other sites More sharing options...
Mike Jones Posted October 12, 2012 Report Share Posted October 12, 2012 Dale Winton. In it to win it Link to comment Share on other sites More sharing options...
The Soup Dragon Posted October 12, 2012 Report Share Posted October 12, 2012 Dale Winton. In it to win it we could do worse however it looks like the future could be orange Link to comment Share on other sites More sharing options...
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