Bostik League South East Division club Thamesmead Town have folded with immediate effect.
Chairman Paul Bowden-Brown has confirmed that ‘a continued lack of supporters bringing finances into the club’ has left no other option.
As part of a lengthy statement, he said: “For the last two games, after paying for the officials, we have netted a total of £11 for the club, even though I finance the club management, the squad of players, the ground and all other required expenses. Coupled with my failing health, I have had to make a very difficult decision.
“Although I accept that the writing has been on the wall for some time now, I still wanted to ensure that I covered every eventuality that would allow our club to continue to trade. However, this was not successful, and I feel that the time has come for me to hang up my boots at Thamesmead Town and call it a day.
“There has been no genuine interest in someone taking over the club, even though I have offered to write off all my shareholdings (all my investment since 2012) for the sum of £1. As I have been only person financing the club since 2015, I feel after discussing the matter with my advisors including the league it would seem that there is no other option but to appoint a liquidator to close down the club with immediate effect.”
He went on to add: “My team and I have tried many initiatives to try and bring the supporters in, but they have all failed, and I come to the very sad conclusion, the time has come to call it a day. Hopefully, I will be remembered not as the person that killed Thamesmead Town FC but as someone who through his financial commitment and personal effort gave the club those extra years of enjoyment that without my support the club would have died so much earlier.”
The team have taken three points from their opening seven games of the current league season, leaving them bottom of the Bostik South East. Additionally, their cup participation for the season had already ended.