SFU STATEMENT ON CLUB'S FINANCES
Thursday 30 January 2014
We were informed by John Radford on Saturday that due to the
re-organisation of One Call's accounts he has been advised to currently reduce
the loans from One Call to the football club from £100,000 per month to £34,000
per month. Therefore, for this and other reasons John decided that it was
prudent in the circumstances for the football club not to sign any more players
in the transfer window. We informed John that the fans needed to be informed of
this fact as soon as possible and the club duly released a statement on Monday.
John now urges all Stags fans to get behind Paul Cox and the players for
the rest of the season to help the Stags keep their place in the Football
League.
Stags Fans United appreciates that there are risks and problems
associated with the benefactor model of ownership of football clubs especially
when the benefactor decides to leave and asks for his money back. However, John
is still prepared to support the football club and it is clear from the work he
has carried out this season on the ground and the new training facilities in
Pleasley that he regards the development of the football club as a long
term project. He would eventually like the club to be self sustainable as he
has made clear in his programme notes. Stags Fans United would like to thank
John Radford for his financial support of the club to date. He saved the club
from administration when he bought it in September 2010 and without his
financial support the club would never have been in a position to return to the
Football League.
Darren Shaw
Stags Fans United Supporter Director
