Source: Team_Talk
Darlo creditors meeting postponed
The Quakers were hoping to exit administration on Wednesday, but have been forced to put their company voluntary arrangement meeting back to a week on Thursday (June 25).
Darlington chairman George Houghton placed the club, which has debts of nearly £8million, in the hands of administrators in February and a subsequent 10-point deduction put paid to their play-off hopes.
Former vice-chairman and Teesside businessman Raj Singh has since reached an agreement to complete a club takeover once creditors have agreed to accept Houghton's offer to pay back some of the money they are owed at the CVA meeting.
Singh's takeover could be scuppered if creditors fail to agree to Houghton's proposed settlement and if the club was forced to exit administration without a CVA, they could be docked another 15 points under Football League rules.
