CHAIRMAN Iain Sellstrom is hoping to secure the long-term future of Gosport Borough in the next week by bringing in new investment.
It is believed one of the new investors is former Pompey chairman Iain McInnes, though Borough are not prepared to confirm that at the present time.
The club has suffered massive financial problems in the past two seasons during which time they were hit with half a dozen winding up orders by HMRC.
From the start of this season the club has been under a transfer embargo because of their football debts.
This has forced them to operate with a squad of 16 players and until last weekend the side were without a win in the Evo-Stik Southern League premier division.
Sellstrom took over as chairman in July with the aim of trying to sort out the financial mess at the club.
He insists he is on the verge of making a major breakthrough.
‘I borrowed the money from a contact to enable us to finally get the transfer embargo lifted last week,’ said the Gosport chairman.
‘There are potential investors waiting in the wings to get involved at the club.
‘There are a couple of historical issues to be sorted but hopefully that can be done in the next couple of days.
‘Once that has been done the investors will step forward.
‘The ex-Pompey chairman Iain McInnes was at our game and it is rumoured he is one of the investors.
‘At the present time we are not prepared to confirm any involvement at the present time.
‘When I became chairman it was with the aim of saving the club.
‘If all this works out then I will have done my job.
‘It has not been easy because the debts were far worse than I contemplated.
‘The same can be said about the problems surrounding them.
‘Now, though, I can definitely see some light at the end of the tunnel.’
The lifting of the transfer embargo last Friday enabled manager Mick Catlin to bring in a couple of new faces.
Lee Molyneaux and Jamie Thompson made a big difference and helped Borough to their first league win of the season.
The 1-0 win against fellow relegation battlers Dunstable Town gave the whole club a big lift.
‘Our first win was a great relief and I could have cried,’ added Sellstrom.
‘It has definitely given us something to build on. There is now far more optimism at the club.
‘Hopefully in the near future I can announce the next step forward.’
Borough hope to keep the feel-good factor going tonight when they face Fareham Town in the Russell-Cotes Cup at Cams Alders (7.45pm)