10 October 2012

Twitter report from Jack Murley tonight

Source: Jack Murley @jack_murley

BREAKING NEWS - After speaking with the representatives of the administrator, this is the latest.

This evening, the administrator asked the Football Conference to consider reducing the financial guarantee – thought to be around £50,000 - required by the Conference to allow Truro City to continue playing in the league.

The administrator argued that the amount being asked for by the Football Conference was unreasonable, and offered instead to pay a smaller amount that would both cover the costs of visiting teams and allow administrators more time to negotiate with interested parties.

But, after discussions this evening, the Conference rejected the administrator's proposals.

Administrators say they have now proposed a second plan to the Conference, and maintain that there are still parties interested in buying the club.

However, they also admit time is running out for the club.

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