Mansfield Town FC have been put up for sale. They are in their third season outside the Football League and enjoyed the fourth biggest crowds outside the Football League last season. Chairman Andrew Perry was voted off the board in July, with remaining directors alleging he had reneged on a written obligation in joining them in punpinng £125,000 each into the club.
Mansfield Town FC have been put up for sale. They are in their third season outside the Football League and enjoyed the fourth biggest crowds outside the Football League last season. Chairman Andrew Perry was voted off the board in July, with remaining directors alleging he had reneged on a written obligation in joining them in punpinng £125,000 each into the club.
Now current chairman Andrew Saunders and his fellow directors have admitted they don’t have the money to continue covering a loss of around £10,000 a week, having together ploughed £1m into the club since taking over in 2008.
As well as a 50 per cent cut in staff salaries through redundancies and getting rid of the club’s youth set-up, the playing budget was slashed to just over £450,000 for this season. Even so the Stags have been early front-runners in the Blue Square Bet Premier.