Ayr United On Brink of Bankruptcy

The HeraldAugust 26, 2004

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Summary


AYR United could face bankruptcy unless the second division football club is granted relief from six-figure debts, it emerged yesterday.

The board is seeking approval for a creditors' voluntary arrangement (CVA), under which creditors, including manager Campbell Money, would accept an undisclosed proportion of what they are owed.

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Extract


Ayr United On Brink of Bankruptcy

The Somerset Park boss is under contract until March 2006, however, and is understood to be the major stumbling block to any deal. Th...

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