Administrators join Whites’ Manager in plea to support ailing football club.
The Administrators of Salisbury City Football Club have issued a further statement following their appointment yesterday, stressing the importance of the next two homes games. Carl Faulds, the Joint Administrator and Director of Portland Business and Financial Solutions, said: “As Administrators, we effectively start the Administration with zero cash to meet the costs of running the club. As such, cash flow is going to be particularly tight and the income from the game against Luton on Saturday and Grays Athletic on Tuesday has to see us through to our next home game against Chester City on 22 September. “The longer term future of the club is going to be absolutely dependent on new investment and whilst those negotiations are taking place, we need to match our income to our outgoings. “To overcome the level of debt within the club, we are likely to have to propose a Company Voluntary Arrangement that will be acceptable to the creditors, including the Inland Revenue, and any investment will be held up whilst that is put in place. This could take up to eight weeks.” The football league has not yet confirmed the 10 point deduction, but based on previous precedents it does seem inevitable. Club Manager, Nick Holmes, believes that the team is capable of overcoming a 10 point deduction and still finishing at least mid-table. The reaction of the players has been very positive and professional and they are committed to doing their bit for the club’s survival on the pitch. It’s now up to the fans to show the investors that the club is worth saving, by turning up to home games in force and creating a fantastic atmosphere. -Ends- Words: 289