Gateshead owner Dr Ranjan Vargese insists that payment will be made to players, staff and creditors as soon as the National League release funds from a £200,000 bond.
Heed players and staff have been urging Varghese and financial advisor Joseph Cala to leave the club, with a deal agreed in principle at the end of last week for former Rochdale chairman Chris Dunphy to take over. A statement from players earlier this week revealed that payment of wages was being withheld, and wages had been late or not fully paid on previous occasions in 2019.
Varghese told BBC Newcastle: “We have been working very closely with the league. At this point the debt is way below the bond the league is holding, and the league is convinced about our books.
“They have agreed to release part of the bond to pay the wages and the creditors. Some will to the solicitors, some to the club and all the creditors will be paid immediately.
“We have the assurance now. I have to apologise to the fans who dearly love the club, to the players for the delays for their wages. Once this is done, it will all be clear.”