Aldershot Town have exited administration, having settled all outstanding debts with the club’s remaining credtors and completed their Company Voluntary Arrangement under a year after being taken over.
While they were in administration, they weren’t entitled to a share of the Conference’s central funding, so receiving that again will be a big boost. They have also managed to cut overheads by about 60 per cent in a bid to put the club on a more stable financial footing.
Aldershot Town have exited administration, having settled all outstanding debts with the club’s remaining credtors and completed their Company Voluntary Arrangement under a year after being taken over.
While they were in administration, they weren’t entitled to a share of the Conference’s central funding, so receiving that again will be a big boost. They have also managed to cut overheads by about 60 per cent in a bid to put the club on a more stable financial footing.
Aldershot Town were founded in 1992 after Aldershot FC, a club that played in the then fourth division, closed with substantial debts. The phoenix club got back to the Football League in 2007 and stayed there until 2003.
It is always a challenging environment for clubs in smaller towns around London given the lure of Premier League football in the capital. It does look as if they are set up to avoid getting into a mess a third time.