After analysing the financial records over the last few weeks, the interim board at Merthyr Town Football Club can announce that the current debt is £90,000 (Inc. a £30,000 overdraft)
The figures were released at a special general meeting last night (Thursday 21st December) in Romans.
Owners were taken through an analysis of the board’s findings with an outlook until April next year.
We are currently taking an in depth financial review within the whole structure of the club in order to increase cost saving where possible.
A proposal was made for the interim board to remain until the end of April, which was unanimously voted for by the owners present.
Looking ahead the club are working with the local authority on a strategic plan to try and deal with the issues stated.
It was mentioned at last night’s meeting that the club will be relying on volunteers to help us in any way they can and all fans are encouraged to come forward with any ideas with regards to events, functions and proposals for use of our facilities.
The efforts that have been made off the field by supporters have been outstanding and moving forward we all need to work collectively to try and get our football club through this current predicament.
We would also like to thank Gavin Williams for his continued efforts with the the first team.
Owners will be sent minutes from last night special general meeting and a presentation of the current financial position as soon as possible.