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Next Game: Banbury Away On Friday March 29th Kick-Off 3.00pm

Tuesday, August 19, 2014

"Make The Cheque Payable To..."


Bulls News has been told that the club are taking cheques for season tickets.

One caller, who rang the club this morning, was told that cheques were being accepted and - after some checking - was told to make it out to Gambrill & Co's client account.

Philip Gambrill was reported to be stepping down from the board at the end of the CVA process, with IP Marc Landsman telling the CVA meetings that he only remained on the board to meet the requirements of having three directors as the Articles of Association of the company demand.

Gambrill was acknowledged to have failed the FA's Owners & Directors Test by Landsman, due to his own personal IVA agreement, who said the FA were aware that he had to remain on board to keep the board at three. However the board remains at four according to Companies House with Tommy Agombar Jnr still listed as an active Director despite his own apparent failure of the test.

The club's own bank account would still be frozen due to the ongoing winding up petition.

Meanwhile, Landsman has issued the first report of the CVA meetings. The report is of the creditors meeting, with the notable point that he rejected over £43,000 of votes against the proposal and none in favour - however he notes that the rejection of the votes did not alter the result.

Landsman has also written to creditors and shareholders, by email, with the following:

'My involvement with the company is now at an end – I shall not be responding to any further emails or calls asking questions about the company and/or its future (unless they are to request paper copies of the Chairman’s Reports).'