A court yesterday ordered Valletta Football Club to pay more than €200,000 to Bank of Valletta after it admitted to the bank's claims against it.
The bank had originally sued the club for payment of €576,385, a debt resulting from loan and overdraft accounts held by the club.
The debt had been guaranteed by Benny Pace, Joseph Caruana Curran and Vincent Micallef, and the bank requested that the guarantors make good for this sum.
Mr Justice Joseph Zammit McKeon, sitting in the First Hall of the Civil Court, heard that the bank had withdrawn its suit against the guarantors and that on March 18 it reduced its claim to €203,527.12.
Following the club's admission of liability, the court ordered it to pay BOV this reduced sum.