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Wednesday, July 16, 2014

Kiddy To Sue Own Directors Over Unpaid Funds


Kidderminster are to sue some of their own Directors after they failed to come up with funds they promised to the club to cover a shortfall.

The club's Supporters Trust has put £21,500 into the club today after they were "made aware of a short-term cash flow challenge and of the circumstances surrounding that."

A club statement says they will seek a legal resolution after "money that was contractually committed to the Club by other directors to cover the trading performance in the 2013/14 season has not been forthcoming despite written assurances to the contrary."

The club have not stated who the Directors are. Former chairman Mark Serrell and his wife both stood down from the board in February, with Ken Rae stepping up as chairman.