Bath City chairman Nick Blofeld has been speaking about the ongoing issue of financial support for National League clubs.
Blofeld has said that the club’s board and society committee were ‘unanimous in agreeing to stop playing, as we are not in a financially strong enough position to do so without further funding, and we do not want to take on any new loans.’
Speaking in an update to supporters, he went on to explain:
“The loans would be a great deal in any other situation, but it is the principal sum repayments coming out of our income from the first few hundred fans at every game for years to come which is the issue, effectively deflating our revenue for the long-term.
“We should not expect full crowds for the end of this season, were we to carry on, and maybe not even for the start of next season. That’s a long time to commit to a loan model, especially when the Sport England loans currently only last to the end of March.”