Having been more than £200,000 in debt, Gosport Borough are one repayment away from getting out of the red.
Following a Freedom of Information Act request, The (Portsmouth) News learned that Gosport Borough Football Club, which has changed hands a number of times in the past few years, had racked up a considerable debt, including £6,952.50 to the council for rent arrears on its stadium, Privett Park.
Now, chairman Iain McInnes, who was Pompey’s chairman during four years of fan ownership, says all the debts bar one have been cleared – and the cash to clear the arrears at Privett Park has come out of his own pocket.
Mr McInnes says his good relationship with Gosport and Portsmouth councils, which are affiliated, meant he could focus on the club’s debts elsewhere first.
“I promised the council I would pay it and I stood by my word,” he said.
“This money was never owed by me but fell into my lap when I took over the club. Fortunately Gosport Borough Council has been very supportive, not withstanding my relationship with Portsmouth.”