Grimsby deny financial crisis

At one time Grimsby Town FC (who actually play in Cleethorpes) were in what is now the Championship, but they have since been relegated to the Conference.   However, after the chairman of the Conference stated that the two clubs being relegated this year were in a financial mess, the chairman of Grimsby Town has strongly refuted these claims which caused some anxiety among Grimsby fans.  He has pointed out that the club has a ‘healthy’ overdraft and any debt is benign debt owed to

At one time Grimsby Town FC (who actually play in Cleethorpes) were in what is now the Championship, but they have since been relegated to the Conference.   However, after the chairman of the Conference stated that the two clubs being relegated this year were in a financial mess, the chairman of Grimsby Town has strongly refuted these claims which caused some anxiety among Grimsby fans.  He has pointed out that the club has a ‘healthy’ overdraft and any debt is benign debt owed to directors.


It is possible to get good attendances in the Conference as Oxford United have showed, but relegated Football League clubs  with a good support base often find it hard to get promoted again as the examples of Wrexham and York show.