Waterford United confirm possible squad reductions imminent

Waterford United have tonight released a statement following rumours that a number of players had been released from the club with a reduced wage package being offered to the rest of the playing staff.

The statement confirms that a meeting took place today but only stated that a possible reduction in squad numbers and a change of terms and conditions were on the cards due to the difficult economic circumstances the club has found itself in.  

A further meeting with the playing staff is set for later in the week to discuss what has been proposed. The statement in full is as follows:

Waterford United confirms that a meeting was held today, Sunday May 4th, with players and coaching staff to discuss reducing the day-to-day costs of running the club.

Due to current economic circumstances the club has been unable to attract sufficient financial support through sponsorship or gate receipts, to meet the current cost of the League of Ireland squad. This has resulted in a deficit beginning to appear in the clubs finances.

Areas under discussion at the meeting included the possible reduction in squad numbers and changes to terms and conditions of players and staff. 
 

Proposals are currently being considered by the players and staff and a further meeting is due to take place later in the week. A final decision on the best way forward will not be made until after this meeting.

Extratime.ie will bring you more as this story develops....