Gosport Borough issue statement to allay financial fears

Gosport Borough players celebrate after scoring a goal at Privett Park earlier in the season    Picture: Ian Hargreaves
Gosport Borough players celebrate after scoring a goal at Privett Park earlier in the season Picture: Ian Hargreaves
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Gosport Borough have released a statement following chairman Mark Hook’s denial of a financial crisis at Privett Park.

The article which appears on gosportboroughfc.co.uk confirms the club are under a transfer embargo but are in the process of repaying debts owed to HMRC.

Gosport have also admitted players are behind on their wages but plans are in place to rectify the situation.

The statement follows on from an exclusive News interview with Hook which appeared at portsmouth.co.uk earlier today.

It reads as follows: Following from a story recently published in The Portsmouth News and some tweets today by Gosport Borough FC players the directors would like to allay fears that the club are in financial troubles.

GBFC accept they are currently under a player embargo for an outstanding balance owed to HMRC, a payment plan has been set up and is being fulfilled.

It is also agreed that GBFC players are behind on their wages however this has been discussed with a representative from the players and again a repayment plan has been set up and the players were made aware of this last Tuesday.

Monies owed to GBFC from a variety of sources is also being chased by staff. If this money had been paid to the club by the payable invoice date then the club would not be in this temporary financial struggle.

It has also been unfortunate that we have only played 2 games on Saturdays since 26th December which has also had an adverse effect on cash flow.

The only paid people at Gosport Borough FC are the players, everyone else, including the directors, are volunteers and unfortunately when GBFC are let down it has an immediate effect on the playing staff.

We find this regrettable.

We would like to assure all of our players, fans, volunteers and sponsors that GBFC are working very hard to rectify this issue and ensure that our players and HMRC are paid in full as soon as possible.

One example of the initiatives GBFC are currently running is a prize draw sponsorship opportunity for companies.

The first prize is a wrap-around advert on our hospitality suite, second prize of Main stand sponsor, third prize dugout sponsor with further prizes of pitch side adverts and hospitality for 4 at one of next season’s games.

For further details please contact natasha@gosportboroughfc.co.uk