Witton must make an initial payment on September 10, followed by a larger payment on October 10 in order to fulfill conditions set by the liquidator when the Rescue Package was accepted in June.

In a 'Meet The Management' open forum at Wincham Park last week Tom Shaw said: "We are doing very well on cash flow.

"In fact, we are operating positive cash flow, which is quite impressive seeing as we started from scratch."

He added: "The CVA requires the creditors to be paid in full by October 10."

With a view to fulfilling that deadline, Mr Shaw has been meeting with potential investors.

He added: "We have had some very good meetings with Carlsberg, not only about our loan account.

"We have also been acquiring expertise.

"The need to meet the liquidator's requirements is paramount to the club's future."

Mr Shaw added: "The Social Club is performing well and we have already registered over 1000 members since June 15."

Mr Shaw also revealed he, as chairman, is being paid nothing to do the job to prove his only interest is the future of the club.

He was also at pains to stress that the heart and spirit of the club are what has kept it going.

As a tribute to Tom Stelfox, the former chairman of the club currently undergoing treatment in hospital, and in memory of his wife, Mr Shaw revealed the Vice Presidents' Lounge will now be called The Stelfox Lounge.

The club will hold an AGM on September 7, three days before the initial payment to the creditors must be made.

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