One creditor, whose money is secured against the Stadium is taking action to repossess Dean Court.
Chairman Phillips is quoted as sating that: "If you still think I am crying wolf, I should tell you that one of our secured lenders has applied to repossess the stadium. The case is due to be held in Bournemouth County Court in early November. The football club would probably survive in some form, but we would have no home".
The club is said to owe money to the following creditors:
Inland Revenue £340,000
Bristol & West Building Society £300,000 (apr 13%!)
Lloyds Bank
Northover & Gilbert
Fitness First
Tony Swaisland
Bristol & West Building Society £300,000 (apr 13%!)
Lloyds Bank
Northover & Gilbert
Fitness First
Tony Swaisland
To get involved with CherryShare II, please do one of the following:
(a) Buy more shares if you're an existing Shareholder.
(b) Join the Community Mutual and make a regular payment.
Either way, contact Roger Hawkins for more information on 01202 726317 as well as via email.
The need is URGENT, please sign up to help Save Our Football Club.
(a) Buy more shares if you're an existing Shareholder.
(b) Join the Community Mutual and make a regular payment.
Either way, contact Roger Hawkins for more information on 01202 726317 as well as via email.
The need is URGENT, please sign up to help Save Our Football Club.
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