Saturday 30 January 2021

Boiling point!

That is the headline on The Non-League Paper's coverage of the National League crisis.   Clubs will have to decide tomorrow what happens to the rest of the season, although the League's preference is for the season to continue.   

It is possible that Step 1 will continue, but not Step 2.   Less likely, but just about possible, is that National League South would continue but not the North.   My sense is that more clubs in the south think they are in a position to continue.

For example, Dorking Wanderers have stated that they have £500,000 of sponsorship and commercial revenue.   Their suggestion is that individual clubs could be allowed to opt out.

The repayment terms for loans are two per cent interest over ten years with a two year holiday on interest and capital or a four year holiday and repayments up to 20 years.

Sport England will decide whether some clubs might get a mixture of grants and loans.

My view remains that it would be unfortunate if the season was to end for Leamington, but I do not know the size of the financial gap.   I have been in touch with the board to offer funding and hope to have a further conversation after the league comes to a decision.

1 comment:

  1. you can have a situation where some clubs are getting loans and others grants for me it has to be all grants otherwise what is the point of running your club properly with sloid and sound fiscal management to hand out some grants and some loans only rewards those who are irresponsible

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