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Page last updated at 16:57 GMT, Thursday, 15 April 2010 17:57 UK

Plymouth Albion appeal for financial help

Plymouth Albion

Plymouth Albion have launched an appeal to raise over £100,000 to stop the club going into administration.

The shortfall in Albion's finances has been caused by losing a significant backer and disappointing gates.

The club have asked supporters to donate £5,000 each, with £70,000 already being pledged.

Chairman of rugby Graham Dawe said: "It's a major cash flow problem and something we need to address so that we've got a viable club going forward."

Nigel Theyer, a director at the club, told BBC Spotlight that although £100,000 is the minimum Albion need, more money would help form a rescue package and solve their cash flow issue.

We still need a minimum of £30,000 and ideally another £80,000

Director Nigel Theyer

Theyer added that he was delighted by what the fans have given so far: "I'm not surprised, we've always known how generous our supporters have been, so thank you to them.

"But we still need a minimum of £30,000 and ideally another £80,000.

"So if there's anyone out there who wants to help please encourage them to get in touch."

A letter has been sent out to fans explaining that if Albion do not raise the money they will faced with some kind of insolvent arrangement which carries not only the stigma of failure, but also sanctions from the Rugby Football Union.

This could entail a points deduction or automatic relegation.

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see also
Plymouth resolve wage bill issue
02 Dec 09 |  Rugby Union
Albion players facing a pay cut
20 Jan 09 |  Rugby Union
Plymouth 19-14 Cornish Pirates
17 Apr 10 |  Rugby Union
Plymouth Albion 7-38 Bristol
10 Apr 10 |  Rugby Union
Bristol 15-3 Plymouth Albion
02 Apr 10 |  Rugby Union

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