Quantcast
Channel: West Briton Latest Stories Feed
Viewing all articles
Browse latest Browse all 9616

Truro City latest: Plymouth Argyle move not ruled out

$
0
0

TRURO City chairman Pete Masters thinks it is "70 per cent" certain that the club will still be playing their home games at Treyew Road next season, though a move to Plymouth Argyle has not been ruled out.

And he also thought it "unlikely" that the club would have to drop more than one division after what seems their inevitable relegation from Blue Square South.

Meeting

But it will all depend on a creditors' meeting at the club on Friday April 12 when it is hoped a CVA (Company Voluntary Arrangement) agreement will be reached, allowing the club to come out of administration.

Mr Masters said: "The jury is still out and we are keeping all options open. If the CVA is agreed then we can move on to the next stage.

"The intention is to be playing in the Southern League, but the books have got to balance."

He said it currently cost around £250,000 to run the club at its present level, with a wage bill of some £200,000 the lion's share of the cost.

When he and fellow local businessman Philip Perryman stepped in at the last moment to rescue the club from liquidation back in October, they inherited alleged debts of £4.5 million, though he said that was not the true figure.

Since then the pair have helped stabilise the club, though with the team well adrift of the bottom of the table, unless other factors, involving other clubs, come into play the first team face relegation.

"It has been a mammoth task," said Mr Masters.

"The club shouldn't be here really. But it is not all doom and gloom, though we have to be realistic. There is no quick fix."

Treyew Road was sold for more than £2-million before Messrs Masters and Perryman took the club over and talks with Helical Bar, who have first option on the ground, which is owned by Jojo Investco Ltd, about the future are continuing.

Writing in Saturday's programme for the game against Welling (see page 116), Mr Masters said: "As a club we now continue to make our preparations for next season and there are still some very difficult decisions to make. "However, it has got to be said that because of the previous regime and subsequent discoveries I'm afraid it's a 'fait accompli'.

"We are, however, in a much stronger position and Truro City Football Club has a future but at what football level is yet to be determined. You can be assured though that I will be fighting to play at the highest level possible, given the circumstances."

The managerial situation and likely squad make-up will also become much clearer after the April 12 meeting.

Truro City latest: Plymouth Argyle move not ruled out


Viewing all articles
Browse latest Browse all 9616

Trending Articles