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Settlement Agreed with Former Directors

16 December 2016

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A settlement has been agreed between CFC 2001 Ltd and the four directors who recently resigned from the board.

David Jones, Philip Taylor, Chris Breeze and Alan Goodall all held debentures.

Director and company secretary Ashley Carson, who has been handling the club’s interests, commented: “Although they had not given notice on their individual debentures, it was necessary for the club to draw a line under this and crystallise the financial position.

“With all the recent off-the-field activity, it was vital that the club got back on a stable footing going forward.

“I would like to thank David, Phil, Chris and Alan for their contribution to the club whilst serving on the board.”

The agreements between all parties is subject to a confidentiality clause so no further statement will be made.

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