Lisburn Distillery in survival bid
Published 08/01/2010 | 05:16
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.