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Page last updated at 18:18 GMT, Wednesday, 19 November 2008

Terras Trust chairman warns fans

Anthony Sams
Sams has raised his concerns about the state of Weymouth's finances

The chairman of Weymouth's supporters club, the Terras Trust, has warned the club's fans it is losing thousands of pounds a month.

Anthony Sams told BBC Radio Solent the problems are being caused by the continued threat of administration.

"The situation is more serious than many of the fans know," he said.

Weymouth owner Malcolm Curtis offered his 84% shareholding to the Terras Trust, with responsibility of ownership and day-to-day running.

The conditional proposal was made last week but it contained conditions which the Trust could not agree to.

One of the most contentious was to bring Curtis back to control the club if there is a risk of entering administration.

Sams added: "At the last count we were aware that we are losing 30,000 a month.

"With the current losses we're not confident we could keep the club out of administration.

"Therefore the likelihood of his (Curtis) return is severely possible and that's not what the fans want."

Part of the deal included an agreement that the Terras Trust would do nothing to damage or interfere with the proposed new stadium project.

A further obstacle was the failure of the football club to release any detailed financial information for the Trust to look at prior to their board meeting.

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see also
Weymouth suspend manager Hollins
13 Nov 08 |  Weymouth
Weymouth outline plan for stadium
03 Nov 08 |  Weymouth

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