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

Folkstone players defer wages to keep club afloat

Thu 20th Jan 2011 | Money & Finance

Folkestone Invicta players volunteered to give up four weeks’ wages to help the Ryman League Premier Division club overcome their latest financial hurdle.

The club are struggling both on and off the field however, the news emerged that the players had given up their money to help the club meet their CVA payments after a spell of postponements.

Chairman Lynn Woods said: "Despite the disappointment of losing matchday income and Stripes functions over Christmas and New Year, the club remains in a break-even position because it continues to spend only what it can afford.

"That is due in significant part to the players, who have volunteered to play without wages for four weeks so that the club can keep up with other financial commitments."

He added: "The players have offered to do this, they weren’t asked, and all of the senior players have also volunteered wage reductions for the rest of the season.

"That says a lot for the squad and their commitment to club and town."

Invicta have also moved to save more than £5,000 a year by cancelling their clubhouse Sky subscription.

Manager Neil Cugley said: "It just goes to show what a good bunch they are. If everyone does what they say they will do then it means they will be paid from now on until the end of the season.

"The players have been brilliant. This has helped ensure there will still be a club in the summer."

(www.nonleaguedaily.com)

RETURN TO LATEST NEWS SECTION

 

SUBSCRIBE TO THE F.C. BUSINESS RSS FEED

 

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

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

Related Articles

How Football Clubs Source Their Revenue

Thu 22nd Jun 2017 | Money & Finance

It will come as a surprise to no one that football is big business these days. Although players’ wages – especially at the top teams – have increased remarkably, the clubs can pay...

“Why Does Your Club Offer Discounts?” 5 Responses

Tue 6th Jun 2017 | Money & Finance

Following my article last week on the 3 observations about discounts offered on football clubs’ merchandise stores ; I wanted to share some more insight in to the merchandise space. I’ve...

West Ham United announce record season ticket renewals

Thu 1st Jun 2017 | Money & Finance

West Ham United have announced a club record number of season ticket renewals for the 2017/18 Premier League campaign. At Wednesday's 5pm deadline, over 90% of the 52,000 season ticket holders at...

Footballers, their cars, and how many minutes of play it takes to pay for them

Thu 1st Jun 2017 | Money & Finance

Online used car dealership Carspring have researched the vehicles driven by more than 250 of the world’s leading football players. With this information, along with the estimated salaries of...