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Tuesday, December 05, 2006

Boston Could Fold Within Weeks

Boston United could fold within weeks after a planning application to move their home was rejected.

The club owe £900,000 to the Inland Revenue, seperate to the £300,000 that former chairman Pat Malkinshaw has to repay them, plus other debts and current chairman Jim Rodwell has admitted that the club may not survive to see 2007: "I thought we'd possibly get a deferral to put some of the issues to bed and I am staggered that that the councillors have refused the deferral. This is very, very disappointing and this is a very black day for Boston United. Where we go from here, I just don't know."

Nick Harding, a Boston Borough Council planner, told the BBC: "A draft version of the business plan was submitted many months ago. We assessed that and identified several weaknesses in that document and asked for a new one. This was submitted but came in quite late and we didn't have enough time to thoroughly evaluate it.

"We have to decide planning applications for planning reasons. What we shouldn't be doing is letting the club's financial position dictate the physical-built development."

Rodwell has admitted that he is considering his future from a legal standpoint - he would be liable to prosecution if Boston are technically insolvent but continue trading - and is due to meet shareholders in parent company Lavaflow, suggesting that if they fail to persuade the shareholders for extra funding the club will fold when current funds run out at the end of the month.