Drogheda hopeful of positive outcome

Drogheda hopeful of positive outcome


An examiner appointed to soccer club Drogheda United has informed the High Court that the club could continue successfully if the court approves a survival plan. However, Ms Justice Finlay Geoghgan has sought further clarification on the type of funding secured by the club after receiving the report of the examiner.

The court heard that a meeting of creditors yesterday had approved proposals for discharging debts. Lawyers for the examiner said the dividends involved were not enormous but would ensure the survival of the club. Gerry Mc Carthy said the examiner was inundated with accounts from the people of Drogheda about the signifcance of the club in their lives. He said while it was a company, it was more than that and the court would appreciate the enormous significance of the club to the people of Drogheda in considering the application.


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