CVA approved (From Dorset Echo)
When news happens get involved. Send your pictures, views and video to us by text and email
CVA approved
1:17pm Friday 26th March 2010 in Local Sport By Derek Bish
WEYMOUTH FC is to go into a Company Voluntary Arrangement (CVA) after 80.9 per cent of creditors agreed to accepting nine per cent of monies owed over the next five years.
That will reduce the Terras' debt from around £900,000 to in the region of £80,000.
Twelve people were in attendance including chairman George Rolls, vice-chairman Pranas Preidzius and Steve Beasant.
No amendments have been made to the CVA and there is now a 28-day period for anyone to appeal against the decision.
Full story and reaction in tomorrow's Echo.
click2find
