Problems continue at Exeter and Chester
Exeter City are due to meet John Moules, chief executive of the Conference, tomorrow to discuss a possible twelve point deduction after being granted permission to set-up a CVA, Company Voluntary Arrangement, last week at Leeds Combined Court.
It is thought that the Conference may be willing to lower the penalty should the Football League set a lower scale at a meeting on September 25th but if no decision is made then twelve points will be deducted.
Should this happen then it will almost certainly stop any likelihood of Exeter reaching the play-offs and having the chance to regain league status at least for this season.
In any case the CVA will stop Exeter buying any new players and any points deduction could have the effect of demoralising the existing squad as they will have little to play for.
City must call a meeting of creditors following the court's ruling that has allowed the club until October 24th to formalise its CVA which to suceed must have the agreement of the major creditors.
Meanwhile, Chester City do not appear to be any nearer settling the dispute with their previous owners.
The NLP has reported that the Smiths, the American family who were thought to have sold the club to present chairman Stephen Vaughan, are alledging that Vaughan has only paid £20,000 out of the £400,000 sale price. The Smiths maintain that as they has not transferred their shares to Vaughan, they still own the club.
However, Vaughan is claiming that as he is Chester's major creditor he could turn the tables on the Smiths by demanding that his reputed £1.8 million investment in the club is paid back.
This story looks as though it could run for some time.