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No administration, say Cheltenham

Cheltenham Town

League One side Cheltenham have denied they are about to follow League Two club Darlington into administration.

In a statement on their website, the club outline three areas that have affected their financial position.

Increased controls from HM Revenue and Customs, a desire from banks to reduce overdrafts and a playing budget deficit have led to financial pressure.

The club, currently bottom of the table, have promised to restructure in order to meet their liabilities.



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see also
Bristol Rovers 3-2 Cheltenham
27 Jan 09 |  League One
Coach Bloomer leaves Cheltenham
27 Jan 09 |  Cheltenham


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