Newspaper article Manchester Evening News

FC United in Urgent Appeal for More Cash

Newspaper article Manchester Evening News

FC United in Urgent Appeal for More Cash

Article excerpt

FC UNITED have issued an urgent cash appeal - and may even have to go into debt.

The supporter-owned club was famously founded as a protest to Glazer takeover of United and the debts the Premier League club incurred as a result.

But FC last week sent a message to all their members regarding their 'worrying' current financial position. And in an interview with the M.E.N. its officials admit that they may now have to use a bank overdraft to steer them through financial trouble.

The club is on course to make a loss this year and the financial woes could mean that the club's Pounds 6.5m Broadhurst Park stadium may not be completed in time.

Club bosses say they have been hit by unexpected costs for the partially-completed stadium but admit that extra donations from fans have been hit as a result of a bitter dispute over the running of the club earlier this year.

The club is We have a balance Damian chief FC was plagued by bitter in-fighting which eventually saw most of the senior-management, including general manager Andy Walsh, step down and a new board elected.

However, they insist the club's future is not in jeopardy and are 'extremely confident' they can get the club back on track.

Adrian Seddon, a new board member, said the turmoil was now over but admitted it had hurt the club financially.

He said: "We lost a lot of emphasis, at a critical time as well from a financial point of view.

"Our first season in a new ground, we should have done a lot better with sponsors and marketing.

"There was obviously the upheaval in the summer where there was a big change in staff and on the board. We're a year-and-a-half behind where we should be. The other problem is that for ten years supporters have given money. The stadium's built and they arrived for the Benfica game and there's a fatigue for giving money among some.

"But our rallying call to the fans is: 'we have the plans in place', but it's down to them."

FC, which has more than 3,700 members who each get a vote on key issues, is run as a Community Benefit Society meaning any profits are reinvested. …

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