AFC Telford to hold talks on financial concerns
AFC Telford United is set to launch a fresh appeal for new investment in a bid to ease increasing financial pressures.
The club's board is scheduled to meet tonight to discuss the best way forward and is expected to release a statement outlining the Bucks' current predicament.
Concerns over the club's financial health were heightened over the weekend, when it emerged no coach was provided to transport the team to Bradford Park Avenue, with players and staff instead making their own way to and from West Yorkshire for the National League North fixture.
Although the Bucks believe that particular incident has been overblown, there is an acknowledgement a different approach is now required, with insiders admitting the day-to-day running of the club has increasingly become a struggle.
The club insists it is not in debt to HMRC and that claims some players have not been paid are similarly wide of the mark.
But it has become clear manager Rob Smith is operating under considerable restraints, with winger Micah Evans the latest player to be released from the playing squad.
Telford's cause has not been helped by attendances which have steadily decreased from an average of 1,800 two seasons ago.
The recent FA Cup second qualifying round replay with Worcester City drew a crowd of less than 700 and only 1,030 watched last month's 0-0 draw with Chorley.
Further urgent discussions are now expected on how to increase investment and on whether or not to alter the club's ownership model. Formed in 2004 following the demise of Telford United, the Bucks are currently owned by a Supporters Trust, though it was agreed at last year's Annual General Meeting the club would begin to explore new models of ownership.
Appeals for new investment have grown in frequency, with former managing director Lee Carter claiming last October the club could eventually cease to exist should fresh revenue streams not be sourced.
Chairman Ian Dosser admitted in July to holding talks with five different parties over possible investment but none were found to be suitable, with the board determined they will not let the club fall into the wrong hands.
