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Farsley Celtic: Would-be rescuers threaten to pull out

A consortium bidding to bring Farsley Celtic out of administration today warned it is ready pull the plug on its proposed rescue deal.

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The group, led by Farsley president John Palmer, has had an offer on the table for the Football Conference club for a number of months.

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At the start of this week, however, the club's administrator, accountancy firm Mazars, publicly branded Mr Palmer's offer as "inadequate".

Mazars also said it wanted to see an improved offer with proof of funding by close of play on Wednesday.

Now the Palmer group has attempted to seize the initiative in the stand-off over Farsley's future by issuing an ultimatum of its own.

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Consortium solicitor James Moore said: "The administrator will have to accept the current offer by Monday or we will walk away. We've made every effort to conclude a deal."

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Mazars today said the group's offer remained unsatisfactory from the point of view of the club's creditors.

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Under the rules of the Football Conference, Farsley must come out of

administration by the second Saturday in May to be eligible for membership of the league next season.

Mazars is also considering a rival offer from an as-yet-unnamed party for Farsley, who went into administration last July.

 
 
 

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