Totton Crisis

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Totton Crisis

Post  Wandering on Fri Apr 05, 2013 7:06 am

Club statement:

Similar to other non-league/semi-professional football clubs, AFC Totton have been struggling to hold things together financially.

The move to the new Stadium has brought with it additional cost, this coupled with the current wage bill, is a burden that has been building for sometime, and was masked somewhat by last year’s FA Cup run.

Postponement of games plus lack of major sponsorship, has severely impacted on cash flow this season, and highlighted an unsustainable financial impact, which has meant squad wages have been delayed.

The players and management have been exceptionally flexible and supportive during this time, whilst all avenues were explored to resolve the issues, for which the Club are extremely grateful.

The Club are now in discussions with potential outside investors, with a view to moving the Club forward.

A Special General Meeting of the Members of the Club, is hereby announced for Wednesday 10th April 2013, at 8.00 pm, in the Monarch Suite, Testwood Stadium.

Following this meeting, a further press statement will be provided.

Wandering

Posts : 1385
Join date : 2011-04-22

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Re: Totton Crisis

Post  Merthyr Imp on Fri Apr 05, 2013 9:05 am

Wandering wrote:

an unsustainable financial impact,
.

I suppose they mean financial situation.
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Merthyr Imp

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Location : Penydarren

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Re: Totton Crisis

Post  Tim Drummond on Fri Apr 05, 2013 3:07 pm

Exactly. Their statement is a paradox.

Tim Drummond

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