Truro City face liquidation after last-ditch bid to save the club fails
Truro City have been suspended from the Football Conference and now face liquadation after a late bid to save the club failed.
Following a day of tension at Treyew Road on Thursday, it looked as though Truro were going to survive when the Football Conference announced that it was hopeful the Cornish club was going to deposit the £50,000 bond it needed to survive in the League.
The Football Conference required the £50,000 bond to cover the travel costs of teams coming to Treyew Road should Truro City fold.
The League extended the deadline of 5pm by an extra hour in a bid to help the club. Truro City approached the Conference with £10,000 bond from Cornwall Council to cover it's next ten games up to December 15. However, that deal was rejected and it now looks like the club will be thrown out of the Conference and liquidated.
The news has been greeted with dismay from fans and players.
Captain Jake Ash tweeted: "It's perhaps typical today (Thursday) has played out like it has. Indicative of the past few years, a shambles all encapsulated in an hour."
Star striker Stewart Yetton also tweeted: "Just heard the £50k has not been paid and Saturday's game is off. Great memories and great fans. I have made some truly great lifelong friends."