Save Rhyl FC: Minimum of £175,000 is needed by April 17 to rescue Lilywhites

Rhyl FC has confirmed a minimum investment of £175,000 is needed to save the club.

Chairman Paul Higginson has agreed to extend the deadline for any potential rescue package to April 17 at 5 pm.

The original cut-off point was yesterday (Sunday).

The Cymru North club have released the following statement regarding their financial position.

Rhyl FC have received two verbal and one written enquiry of potential investment support during this critical period faced by the club. Under initial due diligence by club officials two of these interests are not believed to be credible and are awaiting clarification of the financial position of the third interested party to support their initial written expression of interest.

Following the last Board of Directors meeting on Saturday evening the club can confirm that if there is any individual (s), supporter, community and / or a business consortium that could raise and guarantee a minimum of c £175k investment to meet the costs to enable the club to proceed on the resumption of the playing season, we request you show your interest urgently to as soon as possible.

In order to give every possible chance and all available hope for the club to survive the chairman has agreed to extend the deadline until 17th April at 5pm.

After this point, and as time progresses, if external investment is not forthcoming the unthinkable option of liquidation will become reality for all involved at the club.

The Board of Directors continue to have daily communications and video conference meetings to seek and discuss every possible solution in trying to save Rhyl Football Club.

All directors want to thank the support from all fans including the continued efforts by the Rhyl Fans Association during this difficult time on their continued fundraising efforts.”

Copyright Dave Jones © All rights reserved. CoverNews by AF themes.
%d bloggers like this: