Sunday, October 07, 2007

Halifax Deadline Extended

Halifax Town have been given another 28 days to finalise their takeover and pay off debts, but it is likely to be their last chance.

A court hearing on Wednesday at the Royal Courts of Justice in London agreed, eventually, to a second adjournment with the solicitor acting for the incoming consortium telling the press: "I do not believe we will get another adjournment. The judge asked questions and ultimately gave another 28 days but the revenue will push next time for winding-up."

The consortium is trying to reach agreement on the purchase of 75% of the shares of the club before completing the deal and paying off the debts.