EASTWOOD Town owner Steve Lynch says he believes the club still has a future despite a planned takeover falling through this week.
An unknown consortium pulled out of a deal to buy the Badgers on Tuesday with issues surrounding unpaid debts from previous regimes believed to be the main reason.
Lynch posted a statement on the club’s official website explaining the situation, and speaking to the Advertiser he reiterated the difficulties the club faces.
He said: “We’re in limbo at the moment. There are outstanding and substantial bills from when Robert Yong was in charge that still haven’t been paid despite his claims at the time that they would be, and as a result it is Eastwood Town FC that is now liable.
“There is a stand-off between DTD Poker (Robert Yong’s company), the council and ourselves, and while we just want to move on we can’t due to the weight of the bills.
“We can’t even pay them and then take legal action to get the money back as we simply don’t have the funds.
“Until this is resolved we’re stuck as we are. I’d be willing to talk to Mr Yong but have never had any direct contact with him. We’re meeting the council this week to discuss things with them as they’re affected by this too.”
In terms of the club’s immediate future, Lynch is optimistic it will survive.
He said: “We’ve a budget in place that may vary depending on gate receipts and cup runs etc, but I believe the club will remain in business.
“In my view, the worst case scenario would be having to take a CVA (Company Voluntary Arrangement) and a ten-point deduction in order to sort these bills out, but I’m hopeful things can be resolved before that.
Lynch added: “The club itself didn’t ‘spend’ this money, but due to changes in ownership and the signing over of various responsibilities, we’re now responsible for it.
“The affected businesses are rightly taking legal action to recoup what they’re owed. If everything could just get paid as was originally planned then the situation will be sorted and we can all move on.”
Lynch also clarified his current role with Halesowen Town FC amid fans’ fears it could jeopardise Eastwood’s place in the FA Cup and FA Trophy.
He added: “I am now only a shareholder there and occasionally get to games.
“All the paperwork has been sent to the FA and I expect Eastwood to be included in the cup competitions next season.”
Eastwood have brought midfielder Deon Meikle back to the club from Belper Town.
Meikle came through the youth ranks at Coronation Park with his brother Lindon, and manager John Ramshaw said: “He’s a very good player in the latter stages of his career, and always gives 100 per cent. We’re delighted to have him back.”
Meanwhile. Saturday’s pre-season friendly at Arnold Town has been cancelled but a match will go ahead at Quorn FC, kicking off at 2pm.