I am very concerned for Grantham Town Football Club.
Meeting the players’ wages cannot be done via gate receipts alone, as is the case for virtually all clubs out of 24 fellow league members. Only FC United of Manchester and King’s Lynn Town FC consistently get enough bums on seats to potentially meet this commitment.
Likewise, the sporting dinner of September 5 with Matt Le Tissier as guest speaker was not a sell out. These events have historically been, and should always be, in order to make fiscal sense for the club.
The almighty gaff in announcing a new sponsorship deal prematurely, presumably purely to save face at the time, is indicative of the atmosphere of panic that exists behind the scenes.
Richard Yetman’s article in last week’s Journal should act as a wake up call to all in Grantham who still care about the football club before it becomes a victim of the management style that currently prevails in the boardroom. If these people are allowed to remain at the helm the club could potentially end up having no other option but to file for yet another Company Voluntary Arrangement (CVA) and incur a mandatory points deduction.