Reynolds Gets Date For High Court Trial!


By Matthew Jones
April 16 2004

Darlington Football Club chairman George Reynolds' bankruptcy case has been re-arranged for May 19th at Newcastle High Court. The case, brought by the Sterling Consortium, was adjourned on Wednesday after Reynolds legal representatives stated that he would be fighting the case. New Page 3 New Page 2 New Page 1 Jimmy Walker

Reynolds' Court Case
His banister turned up on the original date, but Reynolds did not.  The reasons? Reynolds will be fighting until the very end!

The future for The Quakers will depend very much on the outcome of this case.  Reynolds is the biggest creditor at the club and has said that he will block any deal that Sterling proposes.

Sterling do own the Reynolds Arena, but are unable to take control of the footballing side.  If Reynolds was to be made bankrupt (which he probably will be), the decision on what to do with the club will then be out of his hands..

Administrators Wilson Field have now said that the future of the club could be sorted out in the week beginning May 10 - the week after the season ends.

However, the court case will not have any major influence on the club's future.

Administrator David Field said:

"It will be part of our discussions when we sit down at the end of the season, but it won't be a big part of it.

"It's now between George and Sterling to reach an agreement. If there is an agreement we'll get a voluntary arrangement out to creditors. If there isn't an agreement, there almost certainly won't be a club next season."

Discuss this story on our message board!

.

.

Bookmark or share this story with:

 

League Two latest threads