Conference News: Halifax Town Set To Go Into Liquidation?

Local Halifax paper "The Evening Courier" has reported that the future of Halifax Town FC looks close to an end after a meeting with the clubs creditors was adjourned and without the adjournment, a proposal to pay 2.5p in the pound for all debts would have failed and the club would have been liquidated.

The consortium wanting to take control of the club are now being asked to up their offer to 10p and administrator Rob Sadler warned there were no guarantees.

It would mean businessmen David Bosomworth, Bobby Ham and Stuart Peacock would have spent £800,000 to take control of the club and a commitment to fund ongoing losses running at up to £30,000 a month.

Only a handful of creditors turned up personally to the creditors' meeting held at the Shay in the Weaver's restaurant.

It was adjourned until 10 am on Friday to the Leeds offices of administrators Begbies Traynor.

For the full article, visit the website by clicking on the link below:
http://www.halifaxcourier.co.uk/