Kidderminster Harriers FC in 'dire financial position'
Thu 4th Nov 2010 | Money & Finance
Dave Reynolds, the new Kidderminster Harriers chairman says that they are in a "dire financial position" in an urgent new club appeal for fresh investment.
After taking a majority shareholding at Aggborough on Saturday, Reynolds is already warning that Harriers are just days away from being in real hot water.
"The club has outstanding debts of over £250,000, 50% of which is due within the next few days," Reynolds told the BBC.
"We are in a dire financial position. I would be thrilled to hear from anyone."
The club were put up for sale last month by then chairman Barry Norgrove, who, along with fellow director Neil Savery, resigned when the Kidderminster board accepted Reynolds' offer.
But Reynolds has already made it clear that his appointment was only a short-term solution, while the Blue Square Bet Premier club seek the major investment needed to keep them afloat in the long term.
"It is my intention to remain as chairman in the short term only until someone more suitable becomes available," said Reynolds.
"We are seeking community support in resolving the issues so that we can return to having a vibrant, financially secure football club at the heart of our town.
"The board are working hard to identify areas to improve efficiency and to reduce costs but without a large cash injection, the long-term future of the club is not viable."
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