Blue Square south outfit Weymouth are on the brink again after being hit by three separate demands for debt repayment. Barclays have called in their up-to-their-limit £25,000 overdraft. Carlsberg are chasing £15,000 the Terras owe after they failed to keep promises of repayment. Most serious of all, former chairman Malcolm Curtis wants to collect his loan of £221,000 plus interest, putting the club on the brink of extinction. If the Terras go into administration, property developer Curtis will automatically take ownership of the Wessex Stadium which is the club’s only asset.
Blue Square south outfit Weymouth are on the brink again after being hit by three separate demands for debt repayment. Barclays have called in their up-to-their-limit £25,000 overdraft. Carlsberg are chasing £15,000 the Terras owe after they failed to keep promises of repayment. Most serious of all, former chairman Malcolm Curtis wants to collect his loan of £221,000 plus interest, putting the club on the brink of extinction. If the Terras go into administration, property developer Curtis will automatically take ownership of the Wessex Stadium which is the club’s only asset. The Weymouth board are fighting back and launched legal proceedings against Curtis claiming ‘gross negligence and misfeasance’. This might buy them some more time, as the courts might be reluctant to implement a winding up order with a case pending.
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