- Tyne Tees
- 4 updates
Watch Kenny Toal's full report here on ITV News Online.
The possibility of a Company Voluntary Agreement will be discussed next week. A CVA is a proposal telling creditors what they can expect to get back. It's claimed the success depends on former owner Raj Singh waiving the £800,000 he is owed.
Darlington 1883 was formed as a limited company. This was against the advice of the national body Supporters Direct, which suggested the club be run as a community club with profits ploughed back into it; as many other clubs have done. We speak to people in Darlington for their reaction.
Scott Wilson of The Northern Echo told ITV Tyne Tees "The further you slip down the harder it is to get back the less interest there is potentially around it and there's also evidence of clubs say Scarborough that have gone an awful long way down and are struggling to get back"
There is one week left for people in Darlington to raise the money needed to save the town's football club. In February a new company was formed called Darlington FC 1883, which hoped to sell £750,000 of shares.
That money would have paid off debts and allowed the club to carry on, but a week before the deadline, they have raised less than half of the money needed.