The long and troubled story of Blue Square South club Weymouth, at one time the subject of a ‘fly on the wall’ television series, has entered a new and dangerous phase. The club is once again on the brink of going out of business and will be liquidated if three-quarters of their creditors do not approve a Company Voluntary Arrangement. The club owe money to over 100 companies or former employees. Former Cambridge United chairman George Rolls bought the Dorset club from adninistrators in November, but has revealed they are now near to £900,000 in the red. &
The long and troubled story of Blue Square South club Weymouth, at one time the subject of a ‘fly on the wall’ television series, has entered a new and dangerous phase. The club is once again on the brink of going out of business and will be liquidated if three-quarters of their creditors do not approve a Company Voluntary Arrangement. The club owe money to over 100 companies or former employees. Former Cambridge United chairman George Rolls bought the Dorset club from adninistrators in November, but has revealed they are now near to £900,000 in the red.
They are offering creditors 9p in the £. In the meantime the club has been working on what has been described as a ‘relegation budget’ of £2,500 a week.