Following the financial situation that is affecting the country as a whole, Grays Athletic FC regretfully announces the following.
The clubs three major sponsors have been forced to withdraw their financial support for the club and therefore some drastic economic cuts will have to be made.
After an emergency board meeting the clubs directors have stated the following;
The general running costs involved in providing over night accommodation, transport and medical cover during the season will be greatly affected.
Salaries paid to contract / non contract players and staff will have to be reduced, this would mean players salaries being cut by 50% from now, the club would however seek to repay the deficit at times when funds are available.
Players who are affected by the changes will be free to leave the club with immediate affect; however the club will make every effort to minimise the disruption to training and preparation for matches.
Chairman Mike Woodward states “I have nothing to hide, the whole country and many businesses and football clubs are in a state of uncertainty, living beyond their means, not knowing where money is coming from to pay employees wages, the club are making the players, the Football Conference, the FA and the general public aware of the situation now rather than waiting until the end of the month when wages and bills may not be met”.
“I can assure everyone that creditors have or will be paid in full by the end of the month and you can rest assure that Grays Athletic FC will fulfil all fixtures for the remainder of the season”