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Page last updated at 19:06 GMT, Wednesday, 21 January 2009

Stranraer future 50/50 - chairman

Stranraer

Stranraer chairman Nigel Redhead rates his club's chances of surviving until the end of the season as "50/50".

The Scottish Second Division outfit are around 250,000 in debt to the bank and other businesses.

"We're really struggling and operating week-to-week, and it's about 50/50 that we'll go out of business at the end of the season," Redhead told BBC Sport.

"We're looking at ways to raise money but there's nothing concrete right now, and I'm not 100% confident."

Redhead says new lights, strips and work done to the Stair Park last season have all cost the club a lot of money.

The wage bill is the actual killer at the moment - it's about 250,000 each year

Stranraer chairman Nigel Redhead

The chairman also pointed out that home crowds have dwindled to around 250, whereas they used to be able to count on nearly 1000 spectators.

He says these numbers of fans coming through the turnstiles are not enough to sustain the club who are at the bottom of the league.

"We're only really paying the players' wages, but the wage bill is the actual killer at the moment - it's about 250,000 each year," said Redhead.

"I think that you've got so much football on the television that people don't want to come out and watch our type of football."

And Redhead says that he is constantly under pressure from creditors to settle outstanding bills.

"At the moment they're on the phone every week and we're giving them some money whenever we can.

"We used some of the 10,000 payout we got from the league the other day as a sweetener to keep them happy.

"The only real asset we have is our social club, but it's also part of our income at the moment, and we wouldn't get enough money to actually cover our debt even if we sold it."



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see also
Stranraer move to solve cash woe
27 Sep 08 |  Stranraer
Stranraer facing money problems
03 Sep 08 |  Stranraer


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