The Football Conference Limited has issued the following statement concerning the membership of Salisbury City Football Club Limited, (Company Number 4374422).
The Club has failed to meet the requirement to settle all football creditors in cleared funds by 5pm Thursday 12 June 2014. Furthermore, it has also failed to provide a financial bond of £50,000.00 by the same time and date. These elements constitute two of four requirements unanimously set by members of the Board of the Football Conference Ltd, in attendance and eligible to vote, on Friday 6 June which, if fulfilled, would enable the Club to retain its membership of the Conference National Division. If unfulfilled the Club was advised at the meeting it would be liable to be expelled from the Competition and the Company under Article 5.2 or be relegated.
At a Board meeting today (13 June) the Directors considered various issues relating to the Club’s financial stability, in particular the Club’s failure to provide the Bond and its failure to settle all its football creditors by the due date. The Directors in attendance at the meeting, and eligible to vote, unanimously agreed to invoke the latter part of its previous decision and relegate Salisbury City FC from the Conference Premier to Conference South. Furthermore, if a Bond of £50,000.00 (or a Bank Guarantee) is not deposited, and the football creditors have not been settled in cleared funds, by 5.00pm on Friday 4 July 2014, the Club will be expelled from the Competition and the Company.
The consequence of today’s decision means Dartford FC will be reprieved from relegation to Conference South and will be replaced in the constitution of this Division by Salisbury City.