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CASH CRISIS AT BANGOR CITY
LACK of success on the field has led to a cash crisis at Bangor City.
The Farrar Road club is conducting a serious inquest into what has gone wrong as they occupy only sixth place in the table, after starting the season among the favourties.
A new strategy is to be planned for next season, with cut-backs on the agenda and the Citizens prepared to target just a mid-table spot.
Chairman Ken Jones (pictured) expressed his concerns in an open letter to supporters at in informal meeting.
"As we draw to the end of the season I share your disappointment at the outcome, but I also have to deal with hard facts," he says.
"This season, our gate income has dropped by more than £15,000. With more children attending at a £1 fee, at the expense of the adult numbers which have declined, the actual takings are lower.
" When added to overall falls in other income, it means that the club will be working on a reduced base figure when we assess funding availability for 2004/5."
"Either we all pull together to raise funds, or we work on a budget in line with our basic income projections, with a mid-table objective for the coming season.
"Unless we recoup a large proportion of the shortfall between now and August, the club's directors will have no option but to reduce the playing budget for next season," added Jones.
29 April 2021
 
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