CVA approved

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.


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