Keep up to date with the latest news delivered direct to your Inbox.
Truro City to Enter Administration
12:34pm 31st August 2012
(Updated 12:34pm 31st August 2012)
Truro City are to enter administration.
It follows weeks of uncertainty for the side, court appearances over debts and unpaid wages. Behind the scenes moves were made to find a way of rescuing the cash-strapped club after its meteoric rise.
A statement has been issued through the club's chairman, Chris Webb: "Due to the club's continuing financial difficulties, it has been reluctantly decided that we have been left with no option but to place the club in administration, and I confirm that this process is to begin immediately.
"After their training session and meeting last night, the first team players informed us that unless the club took this course of action they would not turn out for the Boreham match tomorrow, in view of the non-payment of their wages for August and the continuing uncertainty over the club's future funding.
"Our clear understanding at present is that arrangements which were agreed earlier for funding to cover the players' wages through to at least September 15 no longer hold good.
"Obviously, this is an extremely difficult time for the club, but I can assure everyone concerned - players, supporters and staff - that I and my colleagues are working tirelessly to ensure that every possible effort is being made towards securing the survival and long-term success of the club."
The move means that the club will automatically be deducted ten points as soon as an administrator is appointed.
Saturday's home match against Boreham Wood is expected to go ahead.12:34pm 31st August 2012
Share This StoryTweet
WATCH: Wilko Could Come To Truro
It has applied for planning in the town centre
WATCH: Warnings After Spate Of Burglaries In Truro
We are being urged to protect our homes in the run up to Christmas
UPDATE: Flames Rip Through Derelict Pub
Cornwall News: Locals in Falmouth say they could feel the heat through their windows
Government will introduce bill to start Brexit process 'within days'
National News: The Government will introduce a "straightforward" bill on triggering the process for leaving the European Union "within days".
Business Cornwall News - Friday, 18th December 2015
Business Cornwall News: Cornwall is spearheading reform of the Uk’s business licensing laws following a a year-long project.
Oscars 2017: What to expect from nominations?
Showbiz News: With La La Land still expected to lead the pack, there are many unanswered questions regarding Tuesday's Academy announcement.
Rescue helicopter crashes in Italy avalanche disaster region
World News: A rescue helicopter carrying six people has crashed in the same mountain range as the Abruzzo hotel avalanche disaster, Italian media reports.
Bernie Ecclestone no longer in charge of F1
Sports News: Bernie Ecclestone is no longer in charge of Formula One (F1) after almost 40 years in the driving seat.
Finally! After years of trying, China celebrates ballpoint pen breakthrough
Strange News: China has finally produced its own fully home-produced ballpoint pen after years of trying to master the complex techniques involved in making the delicate tips.
Sewer Overflows Making Par like "Bermuda Triangle"
Cornwall News: Angry locals tell Pirate FM they are being forced to use supermarket toilets to avoid flooding