""In terms of the situation with that, it's a bit sensitive," Edwards told BBC Scotland. "So, it's not something that I can really go into a huge amount of detail at this stage other than we're in negotiation to settle that and move on. "[The possibility of administration] does depend on not just Funding Globe, it depends on other creditors and other parties to work with us to find the best resolution. "But administration is in no-one's best interest.""
"Edwards' Morley Sports Management Group bought a 97.5% stake in the troubled Scottish League 1 club from Seref Zengin on Sunday. A few days earlier it was revealed players and staff had not been paid their December salaries, raising questions over whether Accies would be able to fulfil their weekend fixture with East Fife. The match at their temporary home of Broadwood in Cumbernauld was postponed because of cold weather and Edwards says overdue wages will be paid within 48 hours."
Rob Edwards' Morley Sports Management Group bought a 97.5% stake in Hamilton Academical from Seref Zengin. Players and staff missed December salaries; overdue wages will be paid within 48 hours. The club had relied on an emergency loan from The Funding Globe, which holds a secure charge and remains a creditor. Administration remains a possible outcome depending on negotiations with Funding Globe and other creditors, but the new ownership aims to settle debts and avoid insolvency. Edwards, Neil Blankstone and interim chairman Allan Currie joined the new board. MSM plans to apply the Haverfordwest County blueprint of academy development and community engagement.
Read at www.bbc.com
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