I have been working through the latest cashflows and budgets for the club and this year is likely to require a further injection of cash in the region of £250,000 to maintain the budgets, says Chelmsford City chairman
CHELMSFORD CITY chairman Steve Shore has revealed the club will be running at a loss this season and needs the help of sponsors and investors to plug the gap.
The Essex side are now in seventh-place in the Vanarama National League South table after thrashing Dartford 4-0 at Melbourne Community Stadium last night, having collected six points from four games, ahead of tonight’s round of matches.
Dartford, meanwhile, await their first league win of the season, having banked two points from their four league outings and are in the bottom five.
Writing in his programme notes, Mr Shore said: “Individuals are prepared to invest to keep the club going but attracting the levels of funding to run a club of this size – and with aspirations to go further- continues to get harder and harder.
“If the level of investment declines the only place to make cuts is with the playing budget and then you are in a vicious downward circle. Not a risk this year but we need to focus on making the club self-financing in the short to medium term to ensure we remain competitive.
“I have been working through the latest cashflows and budgets for the club and this year is likely to require a further injection of cash in the region of £250,000 to maintain the budgets and deliver the class of football we all want to see.
“Attracting new investment and sponsors etc is critical to support the club but we need everyone working together to bring new income to keep the club going and everyone can contribute.
“As I have stated on many occasions, any money made at the football club is invested back into the football club and isn’t being used to clear old debt.
“Every penny you spend is helping us to provide the competitive team we all want to see.”
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