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Creditors accept TTFA's repayment proposal unanimously.

The Trinidad and Tobago Football Association’s (TTFA) creditors met today and voted unanimously in favour of a debt repayment proposal through the Bankruptcy `Act that will see them receive based on the current validated claims anywhere from 63 cents in the dollar to 100 per cent of the monies owed to them.

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The TTFA’s debt proposal: HoF gets thumbs down, Warner, Fenwick and Miller make claims, and tension between creditors.

Trustee for the Trinidad and Tobago Football Association (TTFA), Maria Daniel, revealed to creditors that the local football body has received 291 financial claims amounting to roughly TT$90.7m. But to settle its debts, the TTFA has ‘an approved financial arrangement’ of US$3m (TT$20.1m) —minus a ‘supervisory levy’ of TT$1.005m.

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Trinidad and Tobago football fans during a game against Guyana on March 29th 2022 at the Hasely Crawford Stadium, Port of Spain, Trinidad and Tobago.

I am certain that many of you will agree that It’s great to see local football being played once again. Over the last two years, we had to be content watching the English Premier League, La Liga, Serie A, etc on our television sets and not knowing when T&T’s clubs could take the field again to compete was disconcerting.

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RACE ON: Trinidad and Tobago’s Ryan Telfer, left, chases the ball while pursued by Barbados’ Jamaal Watson-Cummings during their clash in the Courts Caribbean Classic, at the Hasely Crawford Stadium, Port of Spain, on March 25. T&T shut out their Bajan opponents 9-0. —Photo: ISHMAEL SALANDY

It really doesn’t matter whether or not the figure of 10,000 given as the attendance for last Tuesday’s game at the Hasely Crawford Stadium is reasonably accurate.

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