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by Matthew Panting
Welling's winding-up order was dismissed at the High Court on Wednesday morning, the club's solicitor has confirmed.
The Wings were issued with the winding-up order at the start of the season but, after raising nearly £65,000 in the last fortnight, they have saved their immediate future.
"It marks the end of a difficult period in the club's history but it also marks the beginning of a new era," said Dan Chapman, from Leathes Prior Solicitors.
In a lengthy statement, Mr Chapman details how two potential investors failed to reach agreement with the club in recent months and also praises the efforts of 42 supporters who have helped raise the money.
The loan scheme raised £64,900, including one donation from the Welling United Appeal Fund and one short-term loan.
Mr Chapman added: "I would like to commend the quite magnificent part played by the 42 supporters who became lenders. I think it is fair to say that there were many who doubted the likelihood of sufficient funds being raised.
"As momentum gathered, and more and more pledges were received, it was both exciting and humbling to be serving the club and their fans.
"I am proud to have played a small part in what this club has been able to achieve."
Mr Chapman confirmed that the club are putting together a new constitution to allow supporter representation plus a representative from the lending group.
However, one piece of bad news for manager Jamie Day is that the club's transfer embargo is due to remain in place as they are currently without a payment agreement with HMRC in relation to monies owed for this season.
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