HALIFAX TOWN'S future was cast into fresh doubt last night after a creditors meeting was adjourned.
A proposal from local businessmen Bobby Ham and David Bosomworth to pay creditors 2.5p in the pound was on the table at the meeting in Halifax.
It was hoped that the Creditors Voluntary Arrangement would receive the requisite 75 per cent backing a
nd the club be sold to the consortium by the weekend.
However, it became clear at the meeting that without an adjournment the CVA would have failed and the club possibly liquidated.
The businessmen looking to take control have now been asked to up their offer to 10p in the pound and the meeting will reconvene tomorrow at the Leeds offices of administrators, Begbies Traynor.
The Shaymen, who are believed to owe around £2m, narrowly avoided relegation from the Blue Square Premier on the final day of the season after suffering a 10-point deduction for going into administration in March.
If a rescue plan cannot be agreed, Halifax risk following Scarborough into oblivion. The East Coast club, members of the Football League as recently as 1999, were wound up last summer after slipping into administration and then being relegated from the Conference.
They were re-formed as Scarborough Athletic in the summer and finished the 2007-08 season in fifth place in the Northern Counties East Division One.
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