Wed, 04 Jan 2012 | ADMINISTRATION
Darlington Football Club has been placed into administration after a consortium of local businessmen were unable to reach a buyout deal with the owner.
The Blue Square Bet Premier side had been the subject of a bid by a group calling themselves the Darlington Football Club Rescue Group (DFCRG). Current owner and chairman, Raj Singh, said he had been unable to settle on a sustainable deal with the group and had called in administrators.
In a statement released on the club's website today he said it was an extremely unfortunate situation for the club, which has previously gone into administration three times in the last nine years.
"I for one certainly didn't envisage this when I took over the club back in August 2009," he said. "Over the last two months we've been trying to make necessary cutbacks to be able to ensure the future of the club, including negotiating reduced players' wages and a settlement with (former manager) Mark Cooper."
He said he admired the members of DFCRG for their intentions towards the club, but that their offer had been unviable for the short-term future of the club. Darlington will now face a points deduction in the Football Conference.
He said that interested parties would now be able to negotiate any buyout deals with the club's administrators.
Timber garden supplies manufacturing business with an exceptional reputation and huge scope for growth. The business is mostly conducted via online sales platforms.
An innovative 360-degree events production company and entertainment agency. A market leader in the music, performance and events industry.
Available for sale a prolific civil & electrical engineering company within the highway maintenance sector, specialising in ITS and traffic control systems
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.