On Friday 28/10/16 Creditors resolved to accept the proposed Deed of Company Arrangement (DOCA). The Administrators are currently formalising the terms of the proposal into a Deed which will be signed by all relevant parties in due course.
They will maintain control of the trading of the Club until the Deed is executed, at which time control of the Club will revert to the current board until a new board can be implemented .
Many thanks to Frankston Council for their counsel, assistance, advice & help. Also to local MP’s Paul Edbrooke & Chris Crewther.
We will continue to update you over the next few weeks. We will need everyone to band together as we look to take the club into the future.