Bangor City issue statement surrounding financial future

Bangor City have today published a club statement surrounding their financial future.

Following the circulation of rumours yesterday, the club has made the move to issue a statement to address financial matters at the club.

The statement from the Huws Gray Alliance club posted on Tuesday afternoon reads as follows.

“On Monday morning Bangor City Football Club was issued with a £16,000 demand for electricity. The electric has been used by Nantporth CIC and Bangor City Football Club. This led to its disconnection.

“We understand Nantporth CIC are in the process of changing over to a different supplier for the 3G pitch floodlights which makes up a majority portion of the overall bill. This has not happened as yet. However, unjustly the bill is in the name of Bangor City Football Club.

“This was followed by a water rates demand of £9,000 the same day which has now also been turned off. The Football Club is responsible to pay this bill.

“Negotiations are in place to get both bills settled and brought up to date as soon as possible.

“We are still waiting on funds being released from the FAW which has also hindered our cashflow.

“Bangor City’s creditors list is approximately £80,000 in its entirety. This includes bringing players and staff wages up to date as well as paying compensation to our former groundsman.”

But, they have insisted that they are close to agreeing a new sponsor for the stadium.

“The club has been in negotiations with investors and sponsors for the past two months and are very close to securing a new stadium sponsor.

The Football Club will be requesting its shareholders to assist with the current financial situation and the club endeavours to get ready for Saturday’s league fixture v Gresford FC.”

FEATURED IMAGE: NCM Media

2 thoughts on “Bangor City issue statement surrounding financial future”

  1. Eric Hall says:

    They have Darlington’s Transfer Fee – the “substantial offer” – to come in now though, haven’t they? That should clear the debt ;surely -)

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