Rage Online Blog

Good news for Cambridge United, who look to have staved off the threat of liquidation after talks with Customs & Excise have led to a breakthrough, of sorts. C&E have apparently agreed that they will not oppose a CVA, meaning that the other Us should be able to write off 90 per cent of their unsecured debt (assuming all the other creditors also agree). Cambridge still have to find the dosh to pay the remaining 10 per cent, and to fund their close-season, and to find some players for next season in the Conference, but at least there is light at the end of the tunnel.

Good news, too, kinda, for Wrexham. The BBC reports that the administrators are taking legal action to reclaim the club's ground from Alex Hamilton, who apparently did some dodgy stuff when transferring the Racecourse from the football club to one of his property development companies. Originally Hamilton had given the club until the end of July to vacate the ground, but he backed down after the administrators challenged the legality of this.

Labels: Cambridge United, Wrexham