Fingal face financial crisis
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Sporting Fingal have this afternoon released a worrying statement saying that the club are currently not in a position to pay their wage bill.
They had been backed heavily by Gerry Gannon, but problems have materialised in recent months and despite attempts to restructure, Fingal have admitted they’re in some financial difficulty.
Despite confirming a move to Dalymount Park for 2011, Fingal had lost a string of players in the close-season, while failing to replace them.
Rumours had been around for sometime of a struggle at the club after Gannon withdrew his backing, but their fears seem to have surfaced today by confirmation of their difficulties.
A press release from the club stated that they “had developed what it believed to be a viable business plan on a reduced and prudent scale having secured new investors and some sponsors. A number of commitments which would be crucial to its viability have, in very recent days, not materialised.
“The club has regretfully, for the first time since its inception in 2007, not been in a position to pay players’ wages at this point and are urgently attempting to resolve the issue.”
According to the club, they have notified the FAI and PFAI and hope the situation will be sorted soon.
Fingal are due to play Lisburn Distillery on Monday week in the Setanta Cup, though no comment has been made yet, while Bohemians also recently announced they might struggle to field a team for the cross-border competition.
They had been backed heavily by Gerry Gannon, but problems have materialised in recent months and despite attempts to restructure, Fingal have admitted they’re in some financial difficulty.
Despite confirming a move to Dalymount Park for 2011, Fingal had lost a string of players in the close-season, while failing to replace them.
Rumours had been around for sometime of a struggle at the club after Gannon withdrew his backing, but their fears seem to have surfaced today by confirmation of their difficulties.
A press release from the club stated that they “had developed what it believed to be a viable business plan on a reduced and prudent scale having secured new investors and some sponsors. A number of commitments which would be crucial to its viability have, in very recent days, not materialised.
“The club has regretfully, for the first time since its inception in 2007, not been in a position to pay players’ wages at this point and are urgently attempting to resolve the issue.”
According to the club, they have notified the FAI and PFAI and hope the situation will be sorted soon.
Fingal are due to play Lisburn Distillery on Monday week in the Setanta Cup, though no comment has been made yet, while Bohemians also recently announced they might struggle to field a team for the cross-border competition.
About Alan Smith
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