Post by peekay on May 8, 2007 11:55:59 GMT
Leek Town FC - Statement 04/05/07
Despite having secured its Unibond Premier League status, Leek Town FC is again facing financial uncertainty if sufficient funds cannot be found to start the forthcoming football season.
At a recent board meeting, long and hard discussions took place to establish whether the club could survive a full season given realistic projections of income and expenditure. A budget was presented which was clearly insufficient to meet the costs of running a club at this level of football.
over many years, the club has recieved valued support from local people and businesses which has enabled it to continue providing football at Unibond level.
Last year, an Inland Revenue winding up order was averted thanks to a generous donation which also helped the club to start the 2006-7 season and pay off other debts.
As a result, it is without significant debt and in this respect, is in a stronger position than many other non-league clubs.
However, it has insufficient money to start the new season and assured income for the forthcoming year is simply inadequate to meet the costs of running and maintaining the stadium and paying players' wages.
The supporters and other local people interested in football deserve a club of Leek Town's standing but sadly, there is real danger the club could cease to exist if a solution cannot be found.
This is not an appeal to our supporters as they helped by pledging and donating money twice in the last few years and we cannot expect more from them. Ther needs to be long-term financial support at a substantial level.
Ther will be further meetings of the board to decide how to deal with these problems and a further statement will be made in due course.
Leek Town FC retained list
As a direct result of the Leek Town statement issued Monday, the board has already taken action to reduce the wage bill next season with six players being informed that their contracts will not be renewed or options taken up on their existing contracts.
Dave MacPherson, Anthony Danylyk, Rob Hawthorne, Carl Rendell, Alan Nagington and Paul Booth have all been advised of the action taken although it is understood that all six will be offered non-contract terms when the budget for the 2007-8 season is agreed.
That list includes our best defender, three first choice midfielders including the club captain and our leading scorer for the last 2 seasons. Can't imagine that the manager will stick around now either after doing a great job of keeping us up, his enhanced reputation will probably attract another club to come in for him. Can't say I'd blame him if he does leave either.
Despite having secured its Unibond Premier League status, Leek Town FC is again facing financial uncertainty if sufficient funds cannot be found to start the forthcoming football season.
At a recent board meeting, long and hard discussions took place to establish whether the club could survive a full season given realistic projections of income and expenditure. A budget was presented which was clearly insufficient to meet the costs of running a club at this level of football.
over many years, the club has recieved valued support from local people and businesses which has enabled it to continue providing football at Unibond level.
Last year, an Inland Revenue winding up order was averted thanks to a generous donation which also helped the club to start the 2006-7 season and pay off other debts.
As a result, it is without significant debt and in this respect, is in a stronger position than many other non-league clubs.
However, it has insufficient money to start the new season and assured income for the forthcoming year is simply inadequate to meet the costs of running and maintaining the stadium and paying players' wages.
The supporters and other local people interested in football deserve a club of Leek Town's standing but sadly, there is real danger the club could cease to exist if a solution cannot be found.
This is not an appeal to our supporters as they helped by pledging and donating money twice in the last few years and we cannot expect more from them. Ther needs to be long-term financial support at a substantial level.
Ther will be further meetings of the board to decide how to deal with these problems and a further statement will be made in due course.
Leek Town FC retained list
As a direct result of the Leek Town statement issued Monday, the board has already taken action to reduce the wage bill next season with six players being informed that their contracts will not be renewed or options taken up on their existing contracts.
Dave MacPherson, Anthony Danylyk, Rob Hawthorne, Carl Rendell, Alan Nagington and Paul Booth have all been advised of the action taken although it is understood that all six will be offered non-contract terms when the budget for the 2007-8 season is agreed.
That list includes our best defender, three first choice midfielders including the club captain and our leading scorer for the last 2 seasons. Can't imagine that the manager will stick around now either after doing a great job of keeping us up, his enhanced reputation will probably attract another club to come in for him. Can't say I'd blame him if he does leave either.