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Next Game: Pre-Season

Monday, November 01, 2010

Kiddy Face Huge Loss

Kidderminster's new chairman has warned the club faces losses of up to £400,000 for the current season.

They have current debts of over £250,000 - with half of it due for payment in the next few days - and they expect a substantial loss for the season. Chairman David Reynolds has instigated an 'urgent review of all the income and expenditure' at the club and has invited any potential investors to make contact as 'it is immediately apparent that the Club is in a dire financial position.'

He adds: 'The board are working hard to identify areas to improve efficiency and to reduce costs but without a large cash injection, the long-term future of the club is not viable.'