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Claims that Truro City owes nearly £4 million

By WBMiles  |  Posted: November 05, 2012

Truro City Football Club

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The scale of the alleged debt at Cornwall's biggest football club has emerged.

Truro City Football Club owes nearly £4 million pounds, it has been claimed.
The figure has been revealed in a report from the administrators, Walsh Taylor, currently running the club.
Truro City went into administration after former chairman Kevin Heaney was declared bankrupt.
Negotiations are still ongoing regarding the sale of the club to three businessmen from Truro - Pete and Jaoson Masters from nightclub L2 and Pete Perryman from taxi firm A2B.
The figures are taken from information given by creditors and have not been agreed by both sides.
The report notes that: "Any sale of the Football Club is likely to result in the company proposing a company voluntary arrangement to all creditors."
The list of creditors is made up of debts ranging from a couple of pounds to a claim for £1.5 million from BCK, a "wealth management" company based in Dublin.
The list also includes allegedly unpaid utility bills and more than £1 million to an individual named as Yulia Sincock. A Julia Sincock is listed as one of the directors of the football club.
A number of Truro City players also appear on the list of creditors but are listed as claiming zero payment.
The total sum allegedly owed is £3,931,352 with £30,000 claimed by preferential creditors and £3,901,352 claimed by unsecured creditors. 

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  • JC2010  |  November 08 2012, 12:10PM

    How Heaney, Sincock and all the other people they've used over the years to front their dirty dealings have continued to get away with it, is quite beyond me. There was a time when they had some establishment protection, simply because they appeared to have wealth, which is sad, opportunist and greedy enough in itself, but even when that's largely evaporated, it seems they can continue to cock-a-snoop at justice and the entire community of Cornwall with impunity. How long exactly are they going to be allowed to carry on like this?

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  • josdave  |  November 05 2012, 7:00PM

    Heaney was part of a syndicate that the administrator thought was fit to buy Plymouth Argyle. Anyone down here couldn have told him that bid would not succeed so it says a lot about the standard of administrators for football clubs. In answer to cheekyman yes that is her next to the ginger fraud who should have been jailed years ago but seems to get away with it every time.

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  • cheekyman_jr  |  November 05 2012, 11:24AM

    This Julia Sincock? http://tinyurl.com/awt3lvf

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