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  • "
    extratime wrote:
    Hilly where do yo think money to pay harvey madden is coming from Raj? no its ours ie the fans within the first 250k non refundable phase why do you thin it was phased?

    If it hadnt been then as 500 wont or more bluntly never was going to be met every would have wanted money back so no means of guaranteeing hm his nice little earner

    Not 100% sure on whats left say 100k then football creditor which is 80k not much left after that yet all that 250k could have gone to a pheonix with no debt

    I think well all be thanking the trust soonfor their prudence in not chucking more cash into 1883 black hole thankfully agm isafter cva meeting so any new trust board (read 1883 blinkered members) wont have had the opportunity to waste it with the rest

    sorry but pheonix was only way and weve all been been hoodwinked but only a few will actually admit it

    wave goodbye to the club as we knew it and our the fans money oh look boys and girls whos that waving back over there that man with a big smile yes thats right its Harvey
    How right you could be extratime. Hoodwinked ?, quite possibly, because as the saying goes, "There's none so blind as those that cannot see""
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Quakers chairman hopes to get back some of his cash

9:45am Tuesday 24th April 2012 in News Photograph of the Author Exclusive By Joe Willis , Regional Chief Reporter

OWED MONEY: Raj Singh OWED MONEY: Raj Singh

OUTGOING Quakers chairman Raj Singh has indicated he will reject a request to write off the money he is owed by the club unconditionally.

Without Mr Singh’s backing as the club’s largest creditor, a company voluntary arrangement (CVA) proposed by community company Darlington FC 1883 (DFC 1883) is now expected to fail.

However, DFC 1883 last night reassured fans that the club would still survive.

Mr Singh told The Northern Echo he did not want any of the money raised by fans bidding to save the club from liquidation.

But he repeated an assertion that he should get back some of the £800,000 he is owed, if the club received money for decisions he made.

It is understood Mr Singh wants a share if the club benefits from any redevelopment of the Arena site.

A second condition relates to clauses in the contract of former Quakers defender Dan Burn, who was sold to Fulham last summer. That could lead to money for Darlington FC.

DFC 1883 announced last week that the conditions had been removed from the CVA because they were not acceptable to the Football Association.

However, Mr Singh said his lawyers believed the conditions could be met if the agreement was structured differently.

The chairman told The Northern Echo he felt he was being “stitched up” and would be blamed if the CVA was not accepted at the creditors meeting on May 4.

He added: “What are they expecting me to do? Sign a piece of paper and walk away?

In business and in reality that just doesn’t happen.

“I don’t want any money from the funds that have been raised, but it’s only fair that if they’re going to get any back because of deals that have been done in the past, then I get a share.

“I hear that they’re already going down the route of a phoenix club and blaming me is an easy way out.”

Mr Singh said no one from DFC 1883 had called him for three or four weeks. “That just shows how keen they are to sort things out,” he added.

The former chairman is also unhappy at suggestions the club was left heavily in debt.

He said: “There was no debt – those were just the invoices for December. People need to get their facts right.”

In response, Craig McKenna, board member and project manager for DFC 1883, said that when he took over running the rescue bid, he decided it would be more efficient if discussions with Mr Singh took place through their lawyers.

“We’re confident the club will be saved and a phoenix club is not on the agenda,” he added.

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