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Taken from conference forum
Histon Football Club are rumoured to be in financial meltdown and on the verge of entering administration after losses of over a quarter of a million pounds were revealed.
The Cambridgeshire based side, who have sent shock waves through non-league football with their meteoric rise over the last few years, currently sit in 9th place in the Blue Square Premier League just a point off the play offs positions.
The club sustained losses of over a quarter of a million for the year ending May 2008 on a turnover of less than £400k per annum. With assets amounting to just £21,000 and key sponsors pulling out due to the current economic climate the club faces a worrying time ahead.
Despite the Stutes great start to the current season average attendances are down by over 25% and less than 600 people paid to watch their last home game.
Goalkeeping coach Lance Key was made redundant last week while it's understood players wages for September have not been paid.
A crisis board meeting is understood to have been called for Tuesday this week when a decision will be made as to whether or not the club will seek to appoint administrators. Nobody at the club was available for comment.