Folkestones troubles

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Folkestones troubles

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JM
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Folkestones troubles
« on: Friday, 17 October, 2008, 16:01.58 »

INVICTA FACING UNCERTAIN FUTURE
17/10/2008
Ryman League Division One South club Folkestone Invicta are facing an uncertain future, and have issued a statement.

The statement reads: “The current year has been particularly difficult for Folkestone Invicta both on and off the field.

“The lack of effective leadership of the club last season was a major factor in relegation from the Premier Division and it was the unwillingness to seek confrontation on vital issues, which led to a state of indecision on costs and expenditure. It became apparent that financial commitments were being made without full board authority and that in the close season not only was there a failure to cut costs but wage budgets were put in place that were not sustainable on any sensible basis.

“The current board have fought hard to meet these commitments so far this season but the point has now been reached where the present situation cannot continue. Match day revenue is down by 30% over last season and an early exit from both major cup competitions means that prize money received has been below minimum expectations.

“Whilst we are grateful to our loyal and growing band of sponsors for their generous contributions, the club needs considerably more commercial income, which is not practical to expect in today's economic climate.

“The directors have been constantly distracted in recent months by destabilising influences which have conspired to thwart the efforts of the board in improving cash flows and bringing stability back to the club.

“The situation is now so serious that urgent and drastic action is needed to save the club from a financial meltdown that could lead to its ultimate failure. Decisions will be taken which may not always be popular with supporters but will be designed only to try to safeguard the future of the club and to see all the games played this season.

“We are pleased to have the assistance and experience of Mark Jenner, who is helping the present board in a consultancy capacity bringing much needed external professional support on legal and financial matters. Mark together with the senior management team of the club will convene a meeting with the first-team squad next week to explain the magnitude of the problem and to ask for their assistance in helping the club through the next difficult few weeks, all of them have already been asked to forego all entitlement to payment. Not all will be able or willing to meet this request so it has been made clear that any player wishing to leave will be released from any contractual obligation to the club forthwith.

“It is hoped that the supporters of Folkestone Invicta will both understand the situation the club finds itself in and will rally to the common cause of fighting for a future. If together we can get through the next few months then a new management will have a chance to take the club forward and regain its rightful place in the football hierarchy.”

www.folkestoneinvicta.co.uk>


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