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Wednesday, February 15, 2012

Darlo To Raise £750k By April 30th

Darlington fans have to raise £750,000 by the end of April to buy the club, the Administrator has announced.

Harvey Madden has told the press that the plan, drawn up by supporters, would see the money raised by a £100-a-share sale in a new company set up to take over the club.

Madden will continue to run the club until the April 30th deadline, paying players on a match by match basis, with the fundraising hoped to be sufficient to secure a CVA agreement by that date. The Quakers are currently only above the Conference relegation spots on goal difference.