Source: Team_Talk
Quakers get league green light
The League have confirmed the Quakers will not get a points deduction with the club expecting to officially come out of administration, following a successful Company Voluntary Arrangement, before the end of the month.
Chairman-elect Singh said: "This represents the biggest step forward for the new ownership to date and is tremendous news for the football club and our supporters. It means the league is happy with us taking the club on, they're happy with our plans and are happy with the financial structure and business plan that we have put in place.
"We made it very clear how we want to take things forward and, thankfully, they recognised that and liked what we had to say.
"It's a big monkey off our back and not getting a points deduction is a major boost for the team, so everything is now in place for the club's administrators to complete the administration process within the statutory time period in order for us to press on.
"It's been a busy few months for everyone involved, but it's also been a harrowing time for the club's staff, who've had to weather the storm during a difficult, gloomy five months or so."
