Post by Dan BHTFC on May 31, 2006 18:20:36 GMT
CRAWLEY TOWN Football Club is up for sale just one year after it was bought - and the club's owner has consoled himself by splashing out £370,000 on a sports car and jetting to Spain on holiday.
Reds boss Azwar Majeed has instructed solicitors to begin administrative proceedings and the case will be heard in court tomorrow (Thursday).
A source close to Crawley Town said: "The club is going into administration.
"If someone wants to buy it and they make a sensible offer then it will be sold. All sensible offers will be seriously considered."
The news came as Mr Majeed prepared to take ownership of a Koenigsegg CX sports car which can reach speeds of 250mph. He is also preparing to fly to the luxury resort of Puerto Banus for a week-long holiday, the News has learned.
As a result of the administration proceedings,Crawley Town will start next season with a 10-point deduction.
The source said: "Every debt and every player's contract is now invalid."
SA Group, which owns the club and is run by Azwar Majeed and his bankrupt brother Chas Majeed, paid about £600,000 for it last summer.
Reds supporter Chris Frances, 26, from Bewbush, said: "It's just heartbreaking news.
"A lot of fans will be really angry about what the boss is splashing his cash on when the club is in such trouble."
In March it was revealed that Chas Majeed was barred from any involvement with the club because he was an undischarged bankrupt.
And in April, the Nationwide Conference docked the club three points and fined SA Group £5,000 after Crawley Town exceeded its agreed annual players' budget.
Three ex-employees have since won employment tribunals and are owed almost £60,000 in pay-outs.
Last Wednesday ex-managing director Steve Duly was awarded £35,000 for unfair dismissal after the tribunal found he had been wrongfully and unlawfully sacked. A tribunal involving Ian Holman, an administrative assistant, has yet to be settled.
The source said a question mark still hangs over the future of many jobs at the club but was adamant that none of the present players will remain.
"All players' contracts have been cancelled. If SA Group still owns it by the end of the summer then there will be a brand new team and John Hollins will stay.
"The club blames Steve Duly for us going into administration. If he loves the club so much why have his actions caused the club to go into administration."
In response, Mr Duly said: "I gave six years of my life to the club and I hold it very close to my heart and the most important thing to me is that is has a stable, secure future and that investors are not put off by them losing the 10 points."
Mr Majeed had failed to comment when the News went to press.
Reds boss Azwar Majeed has instructed solicitors to begin administrative proceedings and the case will be heard in court tomorrow (Thursday).
A source close to Crawley Town said: "The club is going into administration.
"If someone wants to buy it and they make a sensible offer then it will be sold. All sensible offers will be seriously considered."
The news came as Mr Majeed prepared to take ownership of a Koenigsegg CX sports car which can reach speeds of 250mph. He is also preparing to fly to the luxury resort of Puerto Banus for a week-long holiday, the News has learned.
As a result of the administration proceedings,Crawley Town will start next season with a 10-point deduction.
The source said: "Every debt and every player's contract is now invalid."
SA Group, which owns the club and is run by Azwar Majeed and his bankrupt brother Chas Majeed, paid about £600,000 for it last summer.
Reds supporter Chris Frances, 26, from Bewbush, said: "It's just heartbreaking news.
"A lot of fans will be really angry about what the boss is splashing his cash on when the club is in such trouble."
In March it was revealed that Chas Majeed was barred from any involvement with the club because he was an undischarged bankrupt.
And in April, the Nationwide Conference docked the club three points and fined SA Group £5,000 after Crawley Town exceeded its agreed annual players' budget.
Three ex-employees have since won employment tribunals and are owed almost £60,000 in pay-outs.
Last Wednesday ex-managing director Steve Duly was awarded £35,000 for unfair dismissal after the tribunal found he had been wrongfully and unlawfully sacked. A tribunal involving Ian Holman, an administrative assistant, has yet to be settled.
The source said a question mark still hangs over the future of many jobs at the club but was adamant that none of the present players will remain.
"All players' contracts have been cancelled. If SA Group still owns it by the end of the summer then there will be a brand new team and John Hollins will stay.
"The club blames Steve Duly for us going into administration. If he loves the club so much why have his actions caused the club to go into administration."
In response, Mr Duly said: "I gave six years of my life to the club and I hold it very close to my heart and the most important thing to me is that is has a stable, secure future and that investors are not put off by them losing the 10 points."
Mr Majeed had failed to comment when the News went to press.