Darlington set April 30 deadline

Published Add your comment

Darlington's administrator Harvey Madden has told the Blue Square Bet Premier club it has until April 30 to raise £750,000 in order to exit administration.

The Quakers, who entered administration for the third time in nine years in January, intend to raise the majority of funds by a share issue after fans formed the company Darlington FC 1883 Ltd.

The club will sell the shares for £100 each, released in three blocks of 2500, with the first block protected so that buyers would be reimbursed if an initial £250,000 is not raised. Madden said: "It will basically be a small investment times a lot of members equals the funds needed to go forward for the football club."

Copyright (c) PA Sport 2012, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:

League Two

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again