Aldershot Town: Consortium deal due to be announced on Monday

Aldershot Town's EBB Stadium

The deal to secure the future of Aldershot Town is due to be announced on Monday, BBC Surrey reports.

Administrators Quantuma Restructuring expect to overcome a number of legal obstacles and complete a deal with Shahid Azeem's consortium.

Any deal would need to be ratified by the Football Conference but joint administrator Carl Jackson is "not anticipating any problems".

The EBB Stadium outfit went into administration in May.

"It is my understanding that the transaction will satisfy the Conference's financial rules," Jackson said.

The Conference Premier club's creditors approved the terms of a proposed Company Voluntary Agreement last Thursday.

Since then, negotiations have continued with some creditors, while supporters of the Hampshire club have raised over £60,000 in an attempt to bridge a financial shortfall and save the Shots from liquidation.

Aldershot entered administration five days after being relegated from League Two with debts eventually revealed to be £1.4m.

Subject to a deal being completed, they will start the Conference Premier campaign with a 10-point deduction.

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