Further to this morning's court hearing regarding the Winding Up Petition lodged against the Club, we would like to provide the following update relating to it.
Due to inaccuracies within the information provided to the court by petitioning creditors, the presiding Judge granted an extension of seven days in order for these to be rectified.
In addition to this, Majority Shareholder Amar Alkadhi re-confirmed his intention to conclude the sale of his stake in the Club at the earliest possible opportunity.
Mr Alkadhi also assured the court that provisions are in place which could settle the lead petitioner's outstanding debt.
We are confident that a successful resolution will be gained in the near future and a further update will be issued in due course.