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Thursday, July 04, 2013

Shots Agree CVA But Need £50k To Cover Gap


Aldershot's creditors have agreed a CVA at a meeting this morning, but the club still faces a tense 24 hours.

The agreed deal is for around £50,000 more than the £600,000 the consortium bidding for the club has to cover the deal. It has managed to agree write-offs of more than half the £1.4million total debt but needs to agree further deals, or find further money, to complete the deal by the end of play on Friday.