Northern League leaders Darlington have been bailed out by their fans to the tune of £50,000. The money has come from fans’ groups who invested in Darlington FC Community Interest Company who run the phoenix club. The company has 800 members and a 52 per cent controlling interest in the club.
Apparently, the cash was needed to cover a shortfall covered by a drop in income, an overspend on playing costs and what were described as ‘crucial budgeting errors.’
Northern League leaders Darlington have been bailed out by their fans to the tune of £50,000. The money has come from fans’ groups who invested in Darlington FC Community Interest Company who run the phoenix club. The company has 800 members and a 52 per cent controlling interest in the club.
Apparently, the cash was needed to cover a shortfall covered by a drop in income, an overspend on playing costs and what were described as ‘crucial budgeting errors.’
Football club director Martin Jesper said: “There are a number of factors contributing to the immediate cash requirement including greater costs incurred and debts acquired as part of the deal to rescue the club from extinction in May 2012.’