Glovers: No cash problems

02 September 2008 04:11
Yeovil Town have issued a statement denying rumours that the club is in financial difficulties. The League One side are in the process of reviewing some of their staff's working conditions, but insist they have no cash problems. The statement read: "The club has moved to comment on ill-informed rumours regarding its current financial situation. "The club is financially secure and is under no pressure in terms of cash resources. However, it is conducting its business in accordance with responsible budgetary controls and is carrying out a review of its operations in view of the current economic climate. "It is true that staff have received a letter informing them there may be changes to their working hours or conditions. "This does not necessarily mean changes are inevitable. Decisions will be made when the review has been concluded. "However, staff have been formally advised of the possibility of change to comply with accepted employment procedures."

Source: ESA