Mariners issue cash warning
20 Sep 2007 - 11:21:56
Grimsby Town chairman John Fenty has issued a stark warning that the club requires a "substantial financial injection within the next two months".
The Mariners are currently 21st in the League Two table after winning just one match this season and Fenty has appealed for fresh investors to step forward.
"The club requires a substantial financial injection within the next two months, in excess of £200,000, to pay its way," he told the club's official website.
"So far home attendances have been below budget and, if this trend continues, even that amount of money will not be enough to see us through to the end of the season.
"We also have approximately £350,000 to find over the next two years to pay off the tax debt baggage from the past."
Fenty has also claimed the club's long-term future is reliant on them leaving Blundell Park and moving to a new ground at Great Coates.
"Sustainability will only come from a relocation," he added.
"Grimsby Town's plans to relocate are vital to its survival and are the only hope of attracting short-term bridging investment, helping to give the club a long-term future."
