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PostSubject: Chesterfield   Wed Nov 16, 2016 9:57 pm


Fears grow at Chesterfield over club's financial future

Chesterfield officials are growing increasingly worried about the club's financial future after owner Dave Allen resigned as chairman.

The League One club's board have scheduled a series of emergency meetings to attempt to resolve increasing uncertainty over funding.

Allen, whose investments since 2009 have been crucial to the Derbyshire club's continued running, announced on Monday that he "could not carry on" in the role because of a lack co-operation from other shareholders.

Allen asked them to write-off interest on their loans to the club "until such time as the club could repay it", but they have not co-operated so far.

The board are hoping to complete a deal in the coming weeks that will avoid the need for outside investment, but a source at the club has told Sky Sports News HQ they would welcome outside help.

Yet it is understood Chesterfield's board members are not currently speaking to any potential third party investors.

The future of manager Danny Wilson is not currently under threat despite an awful run of results that has left them in League One's bottom-four.

His job has not been discussed but the board want to see an upturn in results as soon as possible.

In a statement issued by the club after the latest meeting on Tuesday, director and company secretary Ashley Carson said: "Following the departure of Dave Allen, vice-chairman David Jones chaired the meeting.

"There was one item on the agenda, which was finding a solution to maintaining the future of the football club. It is recognised that, without the financial backing of Dave Allen, the club would have not been in a position to move to the Proact Stadium.

"The board will remain committed to finding a way to resolving this unforeseen situation. We would also like to advise shareholders that we will endeavour to reconvene an EGM or AGM as soon as possible.

"We will aim to notify shareholders of the relevant details within the next 28 days.
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