BT 50 06 Crawley Town Football Club

Statement from Rob Sadler, partner at Begbies Traynor and joint administrator for Crawley Town Football Club.

The Administrators are pleased to confirm that the majority of creditors of Crawley Town Football & Social Club Limited agreed to the revised proposal for a Company Voluntary Arrangement.

The Administration will be discharged shortly and the Joint Supervisors of the Arrangement will be Rob Sadler and Geoff Rhodes of Begbies Traynor's Brighton office. Under the terms of the proposal the Club's current owners are required to provide the Supervisors with sufficient funds to pay the creditors 50 pence in the pound before Monday 30 October 2006.

The Supervisors wish Crawley Town Football Club future success on and off the pitch.


Ends

Press contact:
Sarah Hooley or Alex Henshall
Bell Pottinger North
01625 506444
Email: shooley@bellpottingernorth.co.uk or ahenshall@bellpottingernorth.co.uk

Information on Begbies Traynor can be accessed via the Group’s website at
www.begbies-traynor.com

Notes to editors:

About Begbies Traynor Group plc

The Group specializes in business insolvency management and is becoming increasingly active in the area of personal insolvency. It also offers services in corporate rescue and investigation services and has entered the field of corporate finance.

In November 2005, the Group entered the rapidly-expanding volume personal insolvency market via the acquisition of W3 Debt Solutions, a firm specializing in providing advice and practical support to individuals in debt.

The Group has grown to its current network of 32 nationwide offices ranging from Scotland to the South West of England, with 350 operatives. The Company continues to pursue its strategy of organic development, coupled with the acquisition of specialist knowledge of both individuals and firms, to further increase its market share in its core services.

The Directors believe that the Group is the UK's largest independent insolvency, corporate rescue and recovery specialist with clients ranging from major institutions to individuals with business difficulties.

The Office Network

The Group operates with 60 licensed insolvency appointment takers, some 225 fee earning staff and 65 in support and administration. The Group operates from 32 locations across the UK.

Business Activities

The core business of the Group is the formal administration of insolvencies including receiverships, liquidations, administrations, company voluntary arrangements and business-related personal insolvencies. The Group has extended its activities into a range of consultancy services including corporate rescue, credit management, forensic and investigation services and corporate finance.