The court case against R&D has been adjourned for 21 days . Details here:
A winding-up petition brought against Rushden & Diamonds has been adjourned for twenty-one days.
Northampton County Court heard today that the Diamonds expect to be able to pay their creditors in the form of finance from Japanese investors.
The petition is headed by catering company Cloverdale, who are owed in the region of £65,000.
But the club owes money to a range of creditors, including a debt of around £189,000 to HM Revenue & Customs.
Diamonds were expelled from the Football Conference at Saturday`s AGM held at Celtic Manor, Newport.
The Conference issued a statement yesterday part of which says:
The Board has no confidence in the club's ability to pay its creditors or as to its ongoing viability or its ability to meet its obligations in the forthcoming season, and in order to preserve the integrity of the Competition, it was with regret that the Board considered it had no alternative but to expel Rushden & Diamonds FC.
The consequences of this decision for the Constitution are that Southport retain its membership of the Premier Division; Thurrock retains its membership of Conference South and Bishop's Stortford is transferred from Conference South to Conference North on a geographical basis.