The Just Giving campaign to raise funds to pay amounts owed to HMRC has been completed with all of the proceeds released to the club, minus Just Giving receiving 5% commission of the total raised.
The Just Giving page was set up in the aftermath of the club's defeat 13-1 at Chesham with a £2.5k target, when at that point the extent of the amount owed was not known. Following a public meeting the target was adjusted to £25k.
Interim chairman Paul Donovan said "The club have been overwhelmed by the donations received from everyone via Just Giving. There have also been numerous other fundraising initiatives including bucket collections at Cardiff City, Swansea City and Newport County which has meant that we have now settled the amount owed to HMRC including interest. The remaining money will be ring-fenced to go towards future tax owed."
"I would like to personally thank the Dial M for Merthyr boys for all of their fundraising activities, along with others who have raised money, and of course the donors for their support and generosity."
The club will keep owners updated going forward with regards to the financial situation of the club with other debts still owed.