TIS have released a statement about the finances at Kings Lynn. They say that they've invested £700,000 to date in the club and will invest a further £500,000.
TIS, owned by Singaporean businessman Joseph Phua, are working in conjunction with the Blue and Gold Supporters Trust to take over from current owner Stephen Cleeve.
“Our continued support reflects our belief in the club’s value to the local community and our conviction that responsible investment, paired with sound planning, can create lasting impact.
“But we must be clear: a reset is urgently needed.
“The club has historically operated with a playing budget that exceeds many of its league peers. Yet given the club’s scale and revenue base, this model has proven unsustainable.
“Football at this level should be grounded in community, not driven by the ambitions of a few. Unfortunately, past approaches have been marked by poor financial planning and short-term thinking - including over £500,000 in unpaid DCMS loans, with interest accruing and repayment deadlines looming as early as next quarter.
"Let’s be candid: A club that spends without planning, continually loses money, and carries unresolved debts is not on solid ground. We’ve seen where that road leads - and it’s not a route we are prepared to take.
“That’s why we’re committed to a new direction: one built on financial discipline, transparency, and shared purpose.
“We are in active negotiations with DCMS, particularly regarding the legacy loan. Until those discussions are concluded, we cannot finalise the club’s financial restructuring. Likewise, the future shareholding and governance structures remain under discussion. But our intent is clear: the community must be at the heart of the club’s future."