SSE AIRTRICITY LEAGUE club Waterford United has revealed that it may have to let a number of players and staff leave due to financial difficulties.
The First Division side, who currently sit sixth in the table, have struggled to bring in funds for a number of reasons including lack of sponsorship and low gate recipts and met today to discuss how to reduce spending.
In a statement released on their website tonight, chairman John O’Sullivan said: ”Waterford United confirms that a meeting was held today, Sunday May 4th, with players and coaching staff to discuss reducing the day-to-day costs of running the club.
“Due to current economic circumstances, the club has been unable to attract sufficient financial support through sponsorship or gate receipts, to meet the current cost of the League of Ireland squad. This has resulted in a deficit beginning to appear in the club’s finances.
Areas under discussion at the meeting included the possible reduction in squad numbers and changes to terms and conditions of players and staff.
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“Proposals are currently being considered by the players and staff and a further meeting is due to take place later in the week. A final decision on the best way forward will not be made until after this meeting.”
Waterford United reveal they could be forced to reduce squad due to financial troubles
SSE AIRTRICITY LEAGUE club Waterford United has revealed that it may have to let a number of players and staff leave due to financial difficulties.
The First Division side, who currently sit sixth in the table, have struggled to bring in funds for a number of reasons including lack of sponsorship and low gate recipts and met today to discuss how to reduce spending.
In a statement released on their website tonight, chairman John O’Sullivan said: ”Waterford United confirms that a meeting was held today, Sunday May 4th, with players and coaching staff to discuss reducing the day-to-day costs of running the club.
“Due to current economic circumstances, the club has been unable to attract sufficient financial support through sponsorship or gate receipts, to meet the current cost of the League of Ireland squad. This has resulted in a deficit beginning to appear in the club’s finances.
“Proposals are currently being considered by the players and staff and a further meeting is due to take place later in the week. A final decision on the best way forward will not be made until after this meeting.”
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Money Problems SSE Airtricity League TEAM:Waterford United