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#Post#: 4085--------------------------------------------------
Tonbridge Angels
DIR By: john558
Date: February 28, 2020, 2:29 pm
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Dear Owner,
I’ll come straight to the point. The club is in a serious
financial position that at least rivals the three or four other
crises the club has experienced during its 72 year history.
Basically we are running out of money and as it stands we don’t
have a home pitch for our fixtures. Pete Elves (Head Groundsman
& Director)naturally enough is trying to be optimistic that
things can be resolved at least in the short term but there is
no guarantee of that and there is a real probability that we
will have to complete all of our home fixtures at other grounds.
Playing at ‘away’ grounds means that, whilst we keep the gate
money, out of that we have to pay to use the host pitch and in
all probability lose bar and catering revenue which of course
will put a huge hole into our overall match day receipts.
The club requries a minimum of £7600 per week to continue
through to the end of the season, with 8 weeks remaining. As
already stated some home games are likely to be played at
alternative venues albeit with sizeable reduction in our planned
income.
During this 'drought' of reduced home income a limited number of
benefactors have loaned the club with repayment terms that will
have to be be met through income from the end of season events,
such as Angelfest and the Garden Show. These incredible acts of
generosity are drying up and we really need owners to step up to
the plate if they can.
The club are committed to survival in this league which I would
hope all our owners and fans support but If we cannot raise the
required funds the only option left to us will be to make some
cuts to playing staff which will no doubt jeopardise our
survival ambitions.
Four years ago you voted to become a supporter owned club to
avoid the risk of cash greedy directors walking in and taking
over. Now, it is your opportunity collectively to come forward
and save the club from going under. Some of you I know will have
made one off donations, many of you buy Golden Goal tickets,
50/50 tickets, contribute to the 12th Man Fund and buy food and
drink but the reality is that what we have to face financially
that is only scratching at the surface.
Let me throw a few figures at you. With the lack of home games
we need funds now to replace the reduced income from home
games. We shall also need significant financial help to carry
out major renovations to the pitch. Here you have two choices:-
Carry out major repairs to the pitch including new drainage
during this close season which we estimate would cost around
£150,000 although some could be paid for through a grant.
Carry out temporary drainage repairs during the close season but
install an all weather pitch for season 2021/22 with estimated
costs being £500,000 including new floodlights plus £15,000 for
temporary drainage works to get us through season 2020/21.
Again, a grant for some of the cost might well be available,
perhaps a greater percentage, because it would be argued that an
all weather pitch has wider benefits for the community
Of course a grant would not be available for both options, a
grant would have to be for either option 1 or 2.
I appreciate that many of you will be very concerned at this
news and will have in all probability a number of questions you
may wish to raise with the Board. To that end an Owners Meeting
has been arranged in the Executive Lounge for Thursday 6th
February starting at 7:30pm prompt. If you can’t make it then
please contact any board member.
#Post#: 4086--------------------------------------------------
Re: Tonbridge Angels
DIR By: Bill in ct9
Date: February 28, 2020, 4:04 pm
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Thursday 6th February starting at 7:30pm prompt.
so what happened at the meeting??
#Post#: 4087--------------------------------------------------
Re: Tonbridge Angels
DIR By: john558
Date: February 29, 2020, 7:20 am
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Pass on that Bill, found the article on the MFC Facebook page.
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