Update

[Margate Football Club]

Margate Football Club today announce that the terms of the proposed CVA have been accepted by both creditors and members at meetings held at Hartsdown Park by Langley & Partners.

 

The Club has therefore, officially, come out of administration and moved into a CVA.

 

The Club would like to take this opportunity to thanks both creditors and members for supporting the CVA proposal.

[BlueGate Alan]

Great news, onwards and upwards!

[blueblood]

Yes,great news. Its onwards and upwards from now on.

[Dutch_Mike]

One of our best weeks in football for a while. A home win against the league leaders and then a great piece of news! Blue Army!

[michael]

Obviously great news as it fundamentally means that the club continue to exist(it's serious stuff !!).

 

 

However, a CVA means the club will have to make regular agreed payments.Thus much of the clubs income goes to paying off the terms of the cva.

 

Does anyone know the terms of the cva-i.e monthly payments to be made and over what period.

 

 

Only when it is paid off, can we all truly start rejoicing, and us supporters must be mindful that we need to give the club every bit of financial assistance we can to pay this off asap.

 

Thus big crowds are essential,and for us exiles, maybe we can help in other ways.