Thursday 27th October 2005

Parmenter hands over his shares back to Margate

Margate can now confirm their CVA has been approved by the Football Association, signed by the club's directors and sent to the High Court for sealing, reports www.margate-fc.com

The directors can also confirm that resulting from irresolvable issues in the negotiation to appoint the clubs preferred operator for the community facilities of the development, the Development Team have approved that the club appoint their own Sports Development Officer and an advertisement for this position will be released shortly.

This appointment needs to be in place before the clubs final papers to the sports council can be processed.

Meanwhile, the events that took place during the match against Wealdstone, were handled exactly right by the Clubs stewards, the Directors fully support their actions, which were carried out in the interest of the safety of all those attending the game. A report of the incident is being prepared and will be forwarded to the FA and the Ryman League.

Margate would like to take this opportunity to thank Dover Athletic chairman Jim Parmenter for transferring his shares in Margate back to the Directors and also for deferring his loans from the CVA agreement. Without Jim’s generosity in this matter the CVA could so easily have fallen down.

Braintree Town v Margate
Ryman Premier League
Saturday 29th October 2005
Kick Off 3:00pm
at Cressing Road, Braintree, Essex