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(March 11, 2010)Reports of an eleventh hour bid to rescue the club were branded this evening as a "PR stunt" following a statement released by Administrators Mazars this afternoon.
Mazars issued the following release at 3.30pm a short time after the reported meeting had concluded:
ELEVENTH-HOUR DEAL PROPOSED TO ALLOW FARSLEY CELTIC TO PLAY ON
11 March 2010
Farsley Celtic's administrators are this afternoon meeting with the team’s supporters club to discuss a last-ditch deal that would allow the club to finish the season and buy time to allow fans to secure its future.
The proposal would see ownership of the Blue Square Conference North side transferred to the supporters’ club, along with the club’s single Conference share, which allows it to play in the league.
If accepted by the supporters’ club, the plan would enable the football club to continue as a not-for-profit organisation and follows days of behind-the-scenes manoeuvres by the administrators to save the non-league side after a takeover bid by club President John Palmer was rejected due to insufficient funds.
Mazars' Robert Adamson, the club’s administrators and legal advisers said today that he was confident that the proposal would enable Farsley Celtic to complete its fixtures in this year’s Conference North, and may yet enable the club to remain in the Blue Square North into next season as well. He said: “We see this as the only way that Farsley Celtic can continue as a football club and it gives the ownership of the club to the people who care about it the most – its fans.
“What this proposal will do is to allow Farsley’s players and management to carry on playing football and complete the season as planned, while giving the supporters club the chance to run the club and secure its future longer-term, whether that is in the Blue Square North or in another division.
“Certainly, it’s not what the fans would have wanted at the start of the season but without this deal, there will be no Farsley Celtic at all and that would be a real blow to the fans and the local community.”
11 March 2010
Farsley Celtic's administrators are this afternoon meeting with the team’s supporters club to discuss a last-ditch deal that would allow the club to finish the season and buy time to allow fans to secure its future.
The proposal would see ownership of the Blue Square Conference North side transferred to the supporters’ club, along with the club’s single Conference share, which allows it to play in the league.
If accepted by the supporters’ club, the plan would enable the football club to continue as a not-for-profit organisation and follows days of behind-the-scenes manoeuvres by the administrators to save the non-league side after a takeover bid by club President John Palmer was rejected due to insufficient funds.
Mazars' Robert Adamson, the club’s administrators and legal advisers said today that he was confident that the proposal would enable Farsley Celtic to complete its fixtures in this year’s Conference North, and may yet enable the club to remain in the Blue Square North into next season as well. He said: “We see this as the only way that Farsley Celtic can continue as a football club and it gives the ownership of the club to the people who care about it the most – its fans.
“What this proposal will do is to allow Farsley’s players and management to carry on playing football and complete the season as planned, while giving the supporters club the chance to run the club and secure its future longer-term, whether that is in the Blue Square North or in another division.
“Certainly, it’s not what the fans would have wanted at the start of the season but without this deal, there will be no Farsley Celtic at all and that would be a real blow to the fans and the local community.”
Philip Morris, Supporters Club spokesman, confirmed that he had met with the Administrators and their legal advisers on Thursday afternoon at which discussions were held over how the football club could be saved and allowed to continue to play.
" I was pleased to have had the oppurtunity of meeting with Mr Adamson and his colleagues. It is a shame that it has taken so long , though, for such a meeting to take place. Whatever ideas were canvassed to salvage the situation they were wholley unrealistic given not only the timescales and the finance needed but also the fact that the suggestion would have breached Appendix E. Given the speed at which a press release was issued so soon after the meeting concluded, this is frankly little more than a PR stunt."
With players reportedly released from their registration and confirmation received from the league that membership has been suspended the club's expulsion from the league is now only a matter of days away.
