Following the open meeting on 26th May between supporters and members of the Board, the directors wish to update all interested parties on the current situation as regards the funds required by 7th July.
The Board have worked very hard on producing a realistic five year forecast to support their application for additional funding from the Bank and were optimistic that the application would be favourably received. However, yesterday the Bank informed the Directors that, despite agreeing that the forecast was achievable, they would not provide additional funding to the Football Club at this point in time because of the Club’s ‘past history’.
The Board are bitterly disappointed at this rejection which comes on top of the poor uptake of commercial initiatives such as the naming of the ground raffle and the very slow uptake of season tickets.
At an emergency Board Meeting last night the directors, following a discussion on the current position with less than three weeks to go before the 7th July deadline, agreed to launch a Stafford Rangers 250 Club, whereby they are asking up to 250 supporters, friends, sponsors, etc. to loan the Club £200 each. The loan will be for an unspecified period which could be anywhere between one month and five years. At the commencement of the playing season a weekly draw will take place whereby every members name/number will be entered and the winner drawn will be repaid their £200. The following week the remaining names/numbers are entered and another member will be repaid their loan. This will continue for 250 weeks until everyone has been repaid their loan with the last member receiving £1000. At anytime a winning member can choose to remain in the hat if they so wish and pass the chance to be repaid to another member.
The Board realises that in the current economic climate £200 is a lot of money to find but would hope that friends or families could club together to find the funds. Because of the impending deadline, the directors have set a date of Friday 3rd July to achieve the 250 target. Anyone who is interested or wishes to know more information please contact the Club office or any director.
PLEASE TAKE THIS PROPOSAL SERIOUSLY – IF THIS LATEST INITIATIVE FAILS THE CONSEQUENCES FOR THE FOOTBALL CLUB COULD BE DIRE.
The Board of Directors 19.6.09
July Boro' News
Pages: 1 (1)
July, 02 2009
Stafford Rangers Stadium Naming Raffle
Stafford Rangers have made the following announcment with reference to the Stadium Naming Raffle.............
