Chester come out of administration.Byline: NEIL TURNER Neil Turner (born September 16, 1945, Carlisle) is a Labour Party Politician in the United Kingdom. He has been the member of Parliament for Wigan in the north-west of England since a 1999 by-election. SUPPORTERS of Chester City can look forward to a campaign in the Blue Square Premier League next season, after the Deva Stadium outfit shook off the shackles of financial administration yesterday. A meeting of creditors One of the first steps in federal Bankruptcy proceedings whereby the creditors of a debtor meet in court to present their claims against him or her and a trustee is named to handle the application of the debtor's assets to pay his or her debts. overwhelmingly agreed to except a deal which will give them 15p in the pounds 1 and City are now free to attend tomorrow's Football Alliance AGM AGM annual general meeting AGM n abbr (= annual general meeting) → AG f AGM n abbr (= annual general meeting) → JHV f in Stratford upon Avon without the stigma of a CVA hanging over them. In another development yesterday Chester have been purchased from the administrator by the Vaughan family, who now own 100% of the club's issued shares. Stephen Vaughan said last night: "It has been a difficult period recently, but we now must look forward and work towards a brighter future for the club.. "I want the people of Chester to get behind the club. I am still looking for potential investors to assist us, and hopefully the local business community will also get behind their club." Vaughan was non committal com·mit·tal n. 1. The act of entrusting: committal of the property to an attorney. 2. The act or an instance of committing to confinement. 3. on the position of current team manager Mark Wright. He said: "Mark has been linked in one newspaper report with the vacancy at Tranmere Rovers, so I will urgently have to make a decision about the management team and who I consider best to take us forward. "Obviously we must start to assemble a squad for next season, and I can assure our supporters that the process of acquiring players will start in the next few days." If they are accepted into the Blue Square Premier League tomorrow, it is expected that City will have to start next season on minus 10 points, despite the fact they are now free from financial administration.. |
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