RalphC Posted April 25, 2013 Share Posted April 25, 2013 Farnborough have issued the following statement.... --------------------- Farnborough Football and Social Club Ltd have today confirmed that they have filed at Court to appoint Administrators Walsh Taylor. The court fee and application was issued this afternoon with an initial hearing to fully appoint at 10.30am tomorrow (Friday). The Club expects the full appointment of Administrators at some point during the day tomorrow. The Club has made it well known over the last year that it has been seriously for sale but nothing genuine has been forthcoming. The latest ‘takeover’ collapsed yesterday as no proof of funds was made available despite numerous false promises. After considerable professional advice we believe the best way to move the Club forward is Administration that will hopefully attract a new owner/s and a solid financial basis to move forward. It is the historical debt that has put the Clubs cash-flow under unmanageable strain. The past 18 months the Club has run a sustainable day to day cash flow with the lowest budget in the League and has cut every available cost. HMRC are owed less than £21000 for three months PAYE and VAT which shows how little we have committed to wages on and off the pitch this year. It is now time to let the Administrators move the Club forward, they are incredibly confident of achieving a sale as the Club is actually in a far better position than it has been for some considerable time and has great potential both on and off the pitch. The Club are aware that they will be deducted 10 points for entering Administration this season and have informed the Conference of their application at The High Court today. The Club view this as a positive move which will ensure a far greater result for all parties as opposed to any other action. The Club urges its supporters to get behind the players for our final Blue Square South match of the season against Chelmsford City this Saturday and reminds supporters that in the evening after the match is the End of Season Presentation evening, providing the supporters the opportunity to meet the players in an informal environment. Supporters are also reminded of the Players v Supporters match on Saturday 11th May, with places available to take on the first team in a “competitive” game of football. Link to comment Share on other sites More sharing options...
Eastside Urchin Posted April 25, 2013 Share Posted April 25, 2013 And it will happen again and again and again Link to comment Share on other sites More sharing options...
The Mayor Of Simpleton Posted April 26, 2013 Share Posted April 26, 2013 A shame to see Farnborough in trouble, so soon after having to reform last decade. Seems that bad news follows Spencer Tretheway/Day around... Farnborough are a good club and could be a good Conference Premier side in the future. Won't forget our promotion at Cherrywood Road as well! Link to comment Share on other sites More sharing options...
Eastside Urchin Posted April 26, 2013 Share Posted April 26, 2013 Blokes a joker Link to comment Share on other sites More sharing options...
Easy game Posted April 26, 2013 Share Posted April 26, 2013 Farnborough should have been enforced to start off at step 5 when reformed. The club will never get the support which is required to sustain their league position. One of the issues is the proximity to London and the desire to support teams in this area instead of your local club on a Saturday. Farnborough have always had arrogance about themselves as well. Good riddance to them if they are closed down. Nice housing development at Cherrywood. Link to comment Share on other sites More sharing options...
The Mayor Of Simpleton Posted April 26, 2013 Share Posted April 26, 2013 One thing I found a bit strange about them was that they had splashed out on an impressive stand and VIP area, and yet they were haemorraging cash left right and centre. Surely you don't splash out with money you don't have? Link to comment Share on other sites More sharing options...
HKP Posted April 26, 2013 Share Posted April 26, 2013 Isn't that how many clubs are run though? Link to comment Share on other sites More sharing options...
cup of tea Posted April 26, 2013 Share Posted April 26, 2013 The FA should see through the fact that Farnborough have done this after they are safe in the league and force them to take their 10 point deduction next season as punishment. Link to comment Share on other sites More sharing options...
Eastside Urchin Posted April 26, 2013 Share Posted April 26, 2013 Or give them 30 points this season for blatantly taking the piss Link to comment Share on other sites More sharing options...
Big J R Posted April 28, 2013 Share Posted April 28, 2013 Hmmmm ! There, but for the grace of God........... Link to comment Share on other sites More sharing options...
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