Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Crawley Town FC clear debts

Mon 5th Jul 2010 | Money & Finance

Crawley Town Football Club have announced they have cleared their debts and are now aiming for promotion to the Football League.

The Blue Square Bet Premier side were £1 million in the red when Bruce Winfield became co-owner and were losing £400,000 a year.

Winfield told BBC Sussex: "We've gone through a process of reconstruction. It gives us a great platform to go forward and compete in this league.

"We've had to pump money in as well as work on saving any money we could."

He added: "We've raised the share capital to half a million pounds, which is significant at this level."

Winfield paid tribute to Tom Scott and his family, who have been major investors in the club.

"If you look at the money they put in, it was a big step. The club was pretty much bankrupt and would have gone into administration," he said.

"We wouldn't be here today if they hadn't put their money in."

Winfield has given manager Steve Evans a task of achieving promotion to the Football League, and has broken the club transfer record with the purchase of striker Matt Tubbs from Salisbury City.

He said: "We've still got a long way to go - we're competing with some big clubs and it's not going to happen overnight.

"We think we've got the resources and the players to get where we want to be."

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Don’t forget to subscribe to F.C. Business Magazine to keep up to date with the latest comment from the football world. Click here to subscribe

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Mats Hummels Joins Juan Mata For Common Goal

Thu 17th Aug 2017 | Money & Finance

Bayern Munich and Manchester United stars unite behind Common Goal #CommonGoal World Cup winner and Bayern Munich player Mats Hummels has become the second footballer to join Common Goal , pledging 1%...

Aldershot Town Gets Financial Support From Council

Tue 15th Aug 2017 | Money & Finance

Aldershot Town Football Club has confirmed that Rushmoor Borough Council has agreed to a package of financial support for the club, including rent and rates relief, until 2021. Following on-field...

Chinese debts emphasize need for local players’ association

Thu 27th Jul 2017 | Money & Finance

FIFPro is ready to offer assistance to professional footballers in China and other parts of the world where local player associations do not yet exist. Media reports this week revealed several Chinese...

SPFL: No fresh tax scheme sanctions against Rangers

Wed 26th Jul 2017 | Money & Finance

The SPFL Board today announced, following legal advice from eminent Senior Counsel, Gerry Moynihan Q.C., that there will be no further disciplinary proceedings taken by the SPFL connected with the use...