Wealdstone will from the end of this month no longer have paid staff at the club besides players and management.

The newly-promoted National League club have been providing an update on their financial position. Early last month, Stones announced that they would need to issue further shares in the club in order to ensure they remain solvent and don’t breach league financial rules.

In the latest update, the club have explained: “Our financial position is extremely challenging. We have not had a paying spectator since 7th March and our bar facility has been effectively closed for the past six months, and despite recent efforts to reopen our bar in some form, revenue is a tiny fraction of pre-COVID-19 levels.

“We have taken all reasonable steps to reduce our cost base, and from the end of this month, we will no longer have any paid staff at the club, except the management and players. Despite these efforts, we continue to incur relatively large fixed costs and we may now have to face into actions which are far less palatable.”

Read more: https://www.wealdstone-fc.com/post/board-update-sept-2020

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