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Wednesday, August 30, 2006

Crawley Saved As Creditors Accept Deal

Crawley Town's immediate future is safe after creditors accepted the 50p/£ offer from the current owners and the club will now enter a CVA.

HM Revenues & Customs are believed to have voted against the offer but the resolution was passed by majority. Crawley have managed a good start to the season, wiping off their 10 point deduction in the first five games of the season, despite having a squad of non-contract veterans and teenage loan signings.