Vatanbir

Main Menu

  • Home
  • Transport business
  • Transport corporation
  • Transport industry
  • Tank transport
  • Transport lending

Vatanbir

Header Banner

Vatanbir

  • Home
  • Transport business
  • Transport corporation
  • Transport industry
  • Tank transport
  • Transport lending
Transport lending
Home›Transport lending›Oldham Athletic FC avoids post-debt administration

Oldham Athletic FC avoids post-debt administration

By Linda Glidden
May 7, 2021
0
0

Oldham Athletic FC say the administration avoided it after a debt was paid.

The League Two club announced this in a statement on its website this evening.

Latics said an agreement had been reached to repay a debt to former owners Brass Bank Limited.

As a result, the club said the trial was now over. No sums were given.

In March the club announced that it had reached a “general agreement” with Brass Bank, the owners of Boundary Park, to purchase the site and the surrounding land.



Border park
(Image: Andy Stenning / Daily Mirror)

The deal is assumed to be underway and no further statement has been made.

The club emphasized at the time that the ownership had not changed.

Continue reading
Related articles
Continue reading
Related articles

The club was bought by former Moroccan soccer agent Abdallah Lemsagam in January 2018.

The unpaid debt case against Oldham is expected to go to court by the end of this month.

In the case of a placement in the administration, a point deduction could have been imposed.



The Joe Royle booth
(Image: Getty Images)

A statement on the club’s website tonight said: “The club is pleased to announce that it has entered into an agreement with Brass Bank Limited to settle its debt-secured debt.

“The Notes have been removed from Companies House and the legal process is now closed.”

At the beginning of this week, the majority of League Two clubs voted to officially end the 2019/20 season due to the Covid 19 pandemic.

It meant Swindon Town was confirmed as champions, with Crewe Alexandra and Plymouth Argyle also advancing to League One.

Latics finished in 19th place.

Get the latest news first on the free Manchester Evening News app – download here for your Apple or Android device. With the MEN e-mail newsletter, you can also have a summary of the greatest stories sent straight to your inbox every day – Subscribe here . And you can follow us here on facebook .

Related posts:

  1. Kellogg Class Action Proposed Settlement
  2. Debt relief, bad debts, bond buybacks and debt rescheduling
  3. Dan Bilzerian purchases $ 20 million in outstanding debt from Ignite International
  4. Santee Cooper finally paid off his debt … just not very well

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • January 2020
  • December 2019
  • November 2019

Recent Posts

  • Taliban signs deal with UAE’s GAAC to manage Afghan airports
  • Recent Business Overview of the Global Resuscitators and Transport Ventilators Market 2022-2029 | Heyer, Acutronic, Hamilton Medical
  • Logistics Industry AGV Market Size, Trends and Forecast to 2029
  • Russia-Ukraine war news: World leaders accuse Russia of inciting food crisis
  • swargate: 45 minutes to cross 200m near the Swargate bus stop | Pune News

Categories

  • Tank transport
  • Transport business
  • Transport corporation
  • Transport industry
  • Transport lending
  • Privacy Policy
  • Terms and Conditions