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Ladak is confident of survival and investment

Irthlingborough KTFC new ground finalised: The key to our future, Chairman Imraan Ladak.
03/08/11

Irthlingborough KTFC new ground finalised: The key to our future, Chairman Imraan Ladak. 03/08/11

Kettering Town majority shareholder Imraan Ladak is confident the club will see off the latest threat to its future.

The Poppies have until midnight tonight to meet certain criteria demanded by the Southern League or they could face expulsion from the competition.

That in turn would mean the club would fold with almost immediate effect.

However, discussions have taken place with the players owed money by Kettering and it seems agreement has been reached.

That should ensure a stay of execution from the Southern League and, according to Ladak, enable new investors to come into the club within the next week or so.

He also confirmed the people looking to put money into the club are not the same group who were interested in buying Nene Park.

“The priority for all we have been doing this week has been the deadline set by the league,” Ladak explained.

“We have just been working on that.

“I have spoken to every player and every agent and we have reached agreement with all of them.

“That should enable us to meet everything the league have asked of us.

“The slight complication is that the FA have demanded everything also needs to be signed off by the administrator.

“Sorting that out has been another hurdle but we are sure everything is in place now.

“I have to say the players have been brilliant.

“They haven’t done anything wrong. It is not their fault.

“It has been difficult to negotiate with them when they have been blameless in all this but every one of them has been fantastic.

“I think we are there now and, as per the Southern League ruling, we have done everything.”

Ladak is now confident, should the Southern League accept Kettering have satisfied ‘certain conditions placed on them’ in time for tonight’s deadline, a handover to new investors can take place.

“As I said, the priority has been sorting out the issues with the league,” he added.

“Other matters have slowed a bit because there have been lots of things to sort out.

“But we have principally agreed everything that needs to be agreed for new investors to come in.

“We are talking to two parties with the hope they can work together in a common interest for the club.

“There are a few things that still need to be worked out but we should be able everything sorted and we have November 9 as the date for completion.

“These are people who want to come into the football club but they are not the ones interested in buying the ground.

“Discussions have been good and almost everything has been agreed and is in place so it has been going very well.”

 

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