Liam Liam Liam O Posted June 25, 2009 Share Posted June 25, 2009 Creditors deal means Quakers should escape further points deduction CREDITORS of Darlington Football Club have accepted administrators' proposals which are expected to enable the Quakers to start next season with no points deduction. Companies and creditors with a value of 93 per cent value of the club's £7.8m debt passed the Company Voluntary Arrangement (CVA) today. Only one creditor turned up to the meeting with the rest of the creditors voting by proxy. The club needed at least 75 per cent worth of the creditors to accept the proposals for the CVA to be passed. The document also had to be passed by more than half of the creditors unconnected with the club - 85 per cent voted in favour. All football creditors, including players and other clubs, will receive all their debt. Unsecured creditors, including councils, the tax man, local businesses, have accepted just 0.9p in the pound. Dave Clark, from administrator Brackenbury Clark & Co, was confident the CVA would enable Darlington to start the forthcoming League Two season without any further points penalty. He said: "It was a bit of formality really. Most of the creditors voted by proxy which is a piece of paper they submitted instructing the chairman to vote on their behalf." The CVA will return control of the club to former chairman George Houghton, but he is in advanced stages to sell it on to his previous vice-chairman Raj Singh. The administration process will take between four and eight weeks to complete enabling an appeal process and all paperwork to be finalised. After that the sale can be completed with Mr Singh and the club can offer contracts to players and management who have agreed to sign. http://www.thenorthernecho.co.uk/news/4459283.Creditors_deal_means_Quakers_should_escape_further_points_deduction/ Link to post Share on other sites More sharing options...
Yorkie Posted June 25, 2009 Share Posted June 25, 2009 Ohh fucking hell, this is bad shit. Us next. Link to post Share on other sites More sharing options...
The Prophet Posted June 25, 2009 Share Posted June 25, 2009 It's about time there was some sort of campaign to get Feethams regenerated. It used to be a cracking ground full of character and atmosphere. Now it's just a crack den. The fucking Reynolds Arena or whatever it's called these days is an absolute monstrosity. There sits a 20,000 plus seat stadium that struggles to break the 3,000 attendance mark. His era should promptly be forgotten by knocking Feethams down, rebuilding it and selling his pathetic attempt to get his name in lights, cunt. I'd rather see that than the giant Tesco or whatever pointless escapade the council of the town are currently perusing, cunts. Link to post Share on other sites More sharing options...
BlufPurdi Posted June 26, 2009 Share Posted June 26, 2009 My first football match was at the Feethams, can't remember who the fuck they were playing though. Won 5-0 though. Link to post Share on other sites More sharing options...
Neil Posted August 7, 2009 Share Posted August 7, 2009 Out of administration! And won't start the season with a points deduction. :clap2: Link to post Share on other sites More sharing options...
Optimistic Nut Posted August 7, 2009 Share Posted August 7, 2009 Lucky for them because if they're as sh*t as their performance against us suggested, they'll be battling against relegation next season with or without a point deduction. Link to post Share on other sites More sharing options...
ponsaelius Posted November 7, 2011 Share Posted November 7, 2011 http://www.thenorthernecho.co.uk/news/local/darlington/9347738.Darlington_FC_chairman_issues_ultimatum/ http://www.darlofc.co.uk/forum/viewtopic.php?f=2&t=14553 Worrying times for the Darloids. Link to post Share on other sites More sharing options...
Ryan Posted November 7, 2011 Share Posted November 7, 2011 Link to post Share on other sites More sharing options...
ponsaelius Posted November 7, 2011 Share Posted November 7, 2011 What a bastard. Link to post Share on other sites More sharing options...
Ryan Posted November 7, 2011 Share Posted November 7, 2011 Reynolds. What a twat. Link to post Share on other sites More sharing options...
ponsaelius Posted December 31, 2011 Share Posted December 31, 2011 Getting a bit hairy for Darlo atm. Players not getting paid, admin looking likely. Link to post Share on other sites More sharing options...
ponsaelius Posted December 31, 2011 Share Posted December 31, 2011 http://www.thenorthernecho.co.uk/sport/football/darlington/9444083.Deafening_silence_as_Darlington_FC_stands_on_the_brink/ FANS of Darlington Football Club are tonight no closer to knowing if their team will survive into the New Year. Club chairman Raj Singh has brushed off calls for him to make a statement on the team's future as rumours continue to suggest the club could be facing administration. “Only 19 and already experienced admin twice. To say I’m gutted is an understatement.” John McReady The Quakers’ remaining 15 senior first team players were have been told: * Prepare for the club being placed in administration; * They would be unlikely to be paid December’s wages; * That they did not have to turn up for training today. However, the club refused to confirm or deny the rumours that first gathered pace when players vented their frustrations on social networking site Twitter. Chairman Raj Singh, who returned home from holiday late on Wednesday night, was locked in talks with advisors all afternoon and into the evening. A curt statement issued last night simply said: “Chairman Raj Singh has today returned from abroad and is currently assessing the club’s position with his advisors. A further announcement will be made next week. “In the meantime, the match against Gateshead on Sunday will go ahead as planned.” Having been told by caretaker manager Craig Liddle to prepare for administration, a number of players reacted on Twitter. Jamie Chandler tweeted: “Why man!? Did we really deserve this? One month was all we needed... Oh dear.” Aaron Brown said: “Bad News but predictable...” Adam Rundle simply put: “Gutted.” John McReady, who was with the club when it went into administration in 2009, said: “Only 19 and already experienced admin twice. To say I’m gutted is an understatement.” Ryan Bowman said: “Gutted to say the least, thanks a lot Raj Singh, you jet off to Dubai for the New Year and leave us in admin. Great chairman and a great man.” Having invested more than £3m of his own money, Mr Singh is understood to be deciding whether to maintain the status quo, place the club into administration or end 128 years of history by opting for liquidation. He warned in early November that he would only keep the club running for a further two weeks after giving Darlington Borough Council an ultimatum to change a covenant on the land enabling him to develop the arena site. His decision also follows months of wrangling with landowners Philip Scott and Graham Sizer. With the Quakers losing up to £90,000 a month, Mr Singh also demanded that the players took a pay cut. The troubles were offset by the club’s FA Trophy success against Mansfield Town at Wembley in May, when Chris Senior scored a 120th minute winner. The silverware prompted Mr Singh to maintain his interest in the club. If he were to put the club in administration, it would be the third spell in less than a decade – leading to a minimum ten-point deduction by the Blue Square Conference. In December 2003, George Reynolds was the first to opt for administration, only months after he moved the club to its 25,000 all-seater stadium. Two years ago, under the chairmanship of George Houghton, the Quakers again went into administration, which removed any chance of promotion and instead led to relegation from The Football League the following season. Supporters trust chairman Tony Taylor was invited to meet Mr Singh this week. However, Mr Taylor was unable to attend yesterday and asked for it to be arranged for today, but was last night still to hear from Mr Singh. He told The Northern Echo he had been “putting feelers out in the local community” to see if there were any parties interested in taking over. However, he does not believe there is anyone prepared to invest money, adding that it was the worst possible economic time for a football club to be seeking a buyer. “The outlook looks pretty grim,” said Mr Taylor. “I’m waiting to hear what decision is being made by the chairman. I’m not sure it’s been handled in the most brilliant way. I have always maintained I want more communication between the club and supporters. “We are all in the dark. It’s not a pleasant feeling not knowing what’s going on or whether we’ll have a club next week. “If I meet Mr Singh, I would plead with him to avoid putting the club in administration just to give us a fighting chance to see if there are people out there who would be interested in a consortium. “It would be good for the football club, good for the fans and good for the town to do something to rally round.” However, Darlington MP Jenny Chapman, who believed a phoenix club playing at Feethams may be the best solution, has sympathy for the chairman. She said: “I know he is getting flak in the town, but he is a decent guy who has got to the end of his tether. “He has to draw the line somewhere. I have sympathy for him.” Link to post Share on other sites More sharing options...
Guest Shaun Posted December 31, 2011 Share Posted December 31, 2011 What would happen to that lovely football stadium? Link to post Share on other sites More sharing options...
oscar Posted December 31, 2011 Share Posted December 31, 2011 Never seen a more misleading thread title Will be a shame if they go under though, Reynolds well and truly fucked them over. Think starting afresh at feethams might be the best solution Link to post Share on other sites More sharing options...
ponsaelius Posted January 3, 2012 Share Posted January 3, 2012 http://news.bbc.co.uk/sport1/hi/football/16395001.stm Went into admin today. 10 point deduction. Link to post Share on other sites More sharing options...
Newcastle Fan Posted January 3, 2012 Share Posted January 3, 2012 Is it again again? i'm pretty sure its again again again? Link to post Share on other sites More sharing options...
Dr.Spaceman Posted January 3, 2012 Share Posted January 3, 2012 They should really just /quit from the league and start again tbh. Link to post Share on other sites More sharing options...
Neil Posted January 3, 2012 Share Posted January 3, 2012 Technically back in administration again again. Wonder what Reynolds is doing nowadays. Link to post Share on other sites More sharing options...
Neil Posted January 3, 2012 Share Posted January 3, 2012 They should really just /quit from the league and start again tbh. Been talked about. The club's completely falling apart, and one man can pretty much be blamed squarely for that. That fucking stadium, man. Ludicrous. Link to post Share on other sites More sharing options...
ponsaelius Posted January 3, 2012 Share Posted January 3, 2012 Winding up and starting again was the best thing ever to happen for Chester. Link to post Share on other sites More sharing options...
Sifu Posted January 3, 2012 Share Posted January 3, 2012 Not looking good for Darlo like. Link to post Share on other sites More sharing options...
ponsaelius Posted January 3, 2012 Share Posted January 3, 2012 Really doubt they'll see out the season. Link to post Share on other sites More sharing options...
Ryan Posted January 3, 2012 Share Posted January 3, 2012 It's a shame about the twats that ran on the pitch at Darlington, really couldn't see another match v.s Newcastle being arranged. They must have made so much money off them as well with us bringing down 5k+. Link to post Share on other sites More sharing options...
ikri Posted January 3, 2012 Share Posted January 3, 2012 Really doubt they'll see out the season. Statement on behalf of Joint Administrator Harvey Madden: "I was appointed as Joint Administrator of Darlington Football Club (2009) Limited, together with my co-Administrator, Peter Gray, earlier today by the directors of the Club. "I am currently exploring all options to try and find a way to enable the Football Club to remain in existence but the position of the Club is such that without any financial support from outside the Club or anyone willing to acquire the Club I will, unfortunately, have little alternative but to cease to trade in a very short time. "Anyone interested in assisting the Club or acquiring the Club out of administration should therefore contact my office on 01642 790790 as a matter of urgency. "Every day is critical if the Club is to survive." They have no assets and no cash. Their players have apparently been paid up to the end of December (done just before going into admin) but there's no guarantee they'll even be fielding a team at the weekend. Many of their fans aren't talking about administration any more, they're talking about liquidation. There are plans to form a new club if Darlington FC fail completely, they have the money already available and agreements on ground shares, etc. Whether the current clubs will see out the season is unknown but there will be a Darlington Football Club in some guise next season. Link to post Share on other sites More sharing options...
bowlingcrofty Posted January 3, 2012 Share Posted January 3, 2012 Ground share at Bishop Auckland is what I heard. Link to post Share on other sites More sharing options...
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