Lisburn Distillery in survival bid

08 January 2010

Lisburn Distillery are to attempt to strike a deal with creditors in order to save the club from going bust.

The Whites are facing a winding up order over a £65,000 rates bill and total debts that amount to some £250,000.

Club shareholders held a meeting last night, at which they supported the board’s decision to enter into a Company Voluntary Agreement, which will see creditors receive a portion of the money they are owed and the club survive.

Players, however, haven’t been paid in six weeks and may now walk out of the club.