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Non-League Salisbury City exit administration after four years

 

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Conference Premier outfit Salisbury City have come out of administration.

The club signed a three-year repayment plan with Revenue and Customs in 2008 to avoid being wound up, But they missed a payment deadline to their creditors, and were handed a double demotion in 2009.

Subsequently, chairman William Harrison-Allan, part of the consortium who took over the club during the 2009-10 season,  has made the club's finances more secure, and they have now fulfilled their obligations under the their Company Voluntary Arrangement.

A statement on the Whites website read:  "Now the club's financial affairs are in order, it will shore up the underpinnings of the team, and provide a sound base to develop the squad further, promoting continued success."

The new owners restructured the struggling club and signed young players to bulk up their small squad. In three years they have managed to return to the Conference Premier, where they currently sit in 10th place.

 

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