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Thursday, July 19, 2012

Mansfield Looking For 'Wow' Striker

Mansfield have the budget for a 'wow' striker to complete their attacking line up.

At a fans forum last night, chairman John Radford told fans he had put £2.5million into the club and that a planned training facility would cost him more than buying the Field Mill stadium back from former club owner Keith Haslam did.

Radford told fans he believed the club had a top three budget 'if not the top', telling fans that 'at present' the wage budget was 80% of income with his company's sponsorship of the stadium boosting revenue.

Meanwhile, Ludlow Town have gone bust owing at least £400,000.

Their ground and associated all-weather training pitches are now in the hands of receivers Begbies Traynor. Football will continue on the site with a new Ludlow club reforming and leasing the facilities from the receiver until a buyer is found.

They hope to play in the newly formed Mercian League, created out of the ashes of the dissolved Shropshire County Leagues.

In other financial news, Swindon have reported a loss of £1.3million for the 10/11 season in which they were relegated from League One. Total liabilities for the club at the summer of 2011 were £10.7million, with the bulk of the money owed to the club's main shareholders.