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Last Updated: Wednesday, 30 August 2006, 12:03 GMT 13:03 UK
Crawley creditors back rescue bid
Crawley Town
Crawley Town's immediate future appears to have been secured after the club announced that its creditors have voted in favour of a rescue package.

All creditors were voting on a final offer of 50p in the pound for the club from the Majeed family's SA Group - which had two previous bids rejected.

If the latest bid had been turned down, administrator Rob Sadler could have wound the club up immediately.

The bid had previously passed a vote of a committee of creditors on 10 August.

The Majeeds were in charge when the club went into administration in June with debts of nearly 1.4m.

Under Conference rules, any club which still has outstanding debts to football creditors - namely players and staff - is not allowed to take part.

On the pitch, the Red Devils began the season on minus 10 points following their move into administration - but they have already wiped out that deficit after collecting 10 points from their first five games.

SEE ALSO
Crawley chairman Majeed bows out
22 Aug 06 |  Crawley Town
Crawley are ready to start season
10 Aug 06 |  Crawley Town
Crawley bidder tables new offer
09 Aug 06 |  Crawley Town
Crawley meet Conference deadline
26 Jul 06 |  Crawley Town
Crawley Town facing player exodus
15 Jun 06 |  Crawley Town
Crawley placed in administration
05 Jun 06 |  Crawley Town


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