George Rolls believes a “new era” has started at Kettering Town after their Company Voluntary Arrangement was approved by 90 per cent of the club’s creditors.
The meeting took place at Nene Park this morning and afterwards it was confirmed only Her Majesty’s Revenue & Customs had voted against the CVA.
It was the result Rolls was looking for as the Poppies will now pay off their debts at a hugely reduced rate over the next three years.
The next step for the club’s survival is to be confirmed as an Evo-Stik Southern League club at their annual meeting in Torquay tomorrow morning.
And while Rolls, who yesterday found out he was facing over 3,000 FA charges in relation to alleged breaches of its rules governing misconduct and betting, was happy with the outcome, he admitted he was grateful to the creditors.
“It’s a new day and it is a fantastic thing that has happened for the football club,” the acting chairman said.
“But it is a sad day as well in terms of so many creditors who have lost money and I am personally thankful to them for voting in favour of the CVA.
“There was only one claim that was rejecting it and that was from the Revenue.
“So all the other creditors either abstained from voting or voted in acceptance. As a football club, we would like to thank all of them.
“Now it is the start of a new era, an era that is going to be positive and all about the community and all about getting Kettering Town back to the top echelons of non-League football again.
“I have got to go to Torquay for the meeting at 11am tomorrow morning where we hope to be incorporated as members of the Southern League.
“From there, the hard works starts as we try to ensure we are only in there for one season.
“We need to get started on the footballing side of things and it would have been unfair to do that before today because if the result hadn’t gone the way we want it to then we would have been like Glasgow Rangers and no more.
“But it didn’t, it went the way the club hoped it would.
“We now look forward to a new beginning, we want to get local people involved and we have already seen the events side of things kicking off.
“It is important we get people coming through the doors for events and we have a number coming up.”
One of the creditors was Elgood’s Brewery, who were represented by Poppies fan Marcus Beecher.
And he remains concerned about the club’s future, despite the CVA being approved.
He said: “I think it was what we expected, 90 per cent of people voted for the CVA and the only ones who didn’t were the Revenue & Customs.
“I think there was a resigned feeling to it all. Everyone knew that was the way it would go.
“Our mind was already made up, there was no alternative but to vote for it so that’s what we did.
“It’s very much a case of wait and see as far as the future of the club is concerned and I am not at all confident about it.
“I can’t see how we can make a place pay given how big it is and how much it costs to run. I hope we can but I just don’t see it.
“We have to do what we can and get back what we can.
“I think Elgood’s remains a supporter of the club. We will do what we can and see what George has got in store for us.”