Skip to main content

"If you want some accessible but informative insight into football then I suggest you couldn't do better than the Political Economy of Football website, which is not only intelligible but comes with the added bonus of being written by Addicks fan Wyn Grant."
Ben Hayes - Charlton Athletic programme

Co-op Bank pull the plug on Lincoln City

Share/Save

Doubt has been cast on the future of Lincoln City after the Co-op Bank said that it would be severing all ties with the club.   The bank has instructed the club to sell its property assets to meet a debt of £380,000. Around 80 per cent of that sum makes up the club's overdraft and working capital facility.

The club's board has spent the last year unsuccessfully purusing alternative financing arrangements.  The club is operating at a loss of £3,000 a week.

The club is considering issuing three year bonds with an interest rate of three per cent.   Imps supporters have created a web page for donations with a target of £10.000.