On Saturday, Lowestoft Town FC held a supporters’ meeting to make its current financial position and future plans clear to its loyal fanbase.
During the meeting at club headquarters, Lowestoft’s directors revealed the Trawlerboys are currently in more than £100,000 worth of debt. And they used the meeting as a call to arms for supporters to get back behind the club as it moves towards next season.
Gary Keyzor, one of the directors at the club, said: “June 1 was a new start for this football club, both on and off the pitch.
“We are a new football club, under new management for a new start. “We are aware of the debts we have got and how they need to be managed.
“You want to see the club back to where it was and back to winning and so do we.”
He added: “The club has learnt a lot from this. It is great to have all these people in here who want to help the club and help it progress.”
Sam Hossack, the club’s sales and marketing executive, outlined some of the ways the club would be securing vital injections of cash in the near future. These included a new shirt sponsor and various game packages available to supporters. While news of the financial woes was met with audible shock from the packed clubhouse, fans were glad to finally be informed of the true situation.