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Weymouth reveal 50p survival plan

A million shares, worth fifty pence each, will now be sold in an effort to raise funds.
Calder aims to sell a million shares to keep Weymouth going

The owners of Weymouth Football Club have revealed plans to issue a million shares to help save the club after the collapse of takeover talks this week.

Around 400 supporters turned out at the Wessex Stadium to hear Thursday night's announcement.

Chief executive Gary Calder told BBC Solent: "The talking's got to stop, if they don't we'll have to make a tough decision early next week."

The players have not been paid in 2009 and the club owes around 300,000.

A million shares, worth fifty pence each, will now be sold in an effort to raise funds.

If the move is unsuccessful the club could face administration or liquidation.

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see also
Terras' Calder to decide future
03 Feb 09 |  Weymouth
Takeover moves closer at Weymouth
31 Jan 09 |  Weymouth


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