FC Halifax Town have confirmed the club have taken on a loan to continue the current season.
The National League outfit, who had to reform back in 2008 following the demise of Halifax Town AFC, have explained:
“We have taken the extremely difficult decision, and the only route available to us now we know the season is to continue, to take a low-cost loan from Sport England to protect the future of the club. Sport England is the designated provider of loans for all the clubs in the National League.
“This is of course a last resort, given we’ve been debt-free since 2008, and does not sit comfortably at all. The loan is required to ensure we can cover our fixed costs, variable operating costs, salaries for the rest of this season and any commitments to season ticket holders should we not have access to the Shay Stadium before the end of the season.
“The loan in part will also be required to protect the financial viability for the 2021/22 campaign if again we have to manage with a reduced capacity or commercial and sponsorship income is restricted due to the volatile landscape. We feel on balance this is the best option for the club, given the predicament we have been left in.
“We are certainly not alone making this decision.”