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Truro City Strike Debt Deal

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Published by the Pirate FM News Team at 7:01am 5th June 2013

Truro City are celebrating as the club does a deal over debt.

Some has been written off, and the rest will be repaid in installments.

It is part of a Company Voluntary Arrangement, agreed at a meeting on Tuesday afternoon.

Bosses say they are looking forward to a "fresh start."

Chairman Peter Masters said: "I am delighted to announce that the CVA has been officially approved this afternoon. We now go forward to the Conference AGM on Saturday and hopefully to the Southern Premier League next season.

"It’s a good day for the city Truro and the county of Cornwall as a whole.

"I am sure all at Truro City Football Club would wish me to convey their thanks to all the Creditors who have written of their debt incurred by the previous regime to make this day possible."

The club is hoping to announce a new manager in the next few days.

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