Home
Wanderers play down administration and job cut fears at Macron Stadium
A REPORT has claimed that some staff at [You must be registered and logged in to see this link.] are actively looking for new posts amidst fear the club will soon slide into administration.
Mail Online claim there is mounting concern among non-playing employees that job cuts could be on the cards as costs are trimmed further at the Macron Stadium.
Furthermore the report states administration has also been openly discussed among staff – which would carry with it an automatic 12-point deduction according to Football League rules.
[You must be registered and logged in to see this link.] understands that the club will look to make an official statement tomorrow regarding the article – but senior sources have stated unequivocally tonight that there are no job cuts currently being sought, nor plans to go into administration.
Wanderers have lost more than 60 non-playing staff since dropping out of the Premier League and have had to reduce costs considerably over the last 12 months as financial input from owner Eddie Davies has been reduced as he looks to sell.
Levels of debt have now risen to more than £180million, with the club confirming earlier this year that a short-term funding deal was agreed with a finance company in lieu of an overdraft facility.
While plenty of questions are yet to be answered about how Wanderers will continue to fund themselves in the short to medium term without new ownership, the club has denied categorically that such drastic measures as administration are currently being considered.
A REPORT has claimed that some staff at [You must be registered and logged in to see this link.] are actively looking for new posts amidst fear the club will soon slide into administration.
Mail Online claim there is mounting concern among non-playing employees that job cuts could be on the cards as costs are trimmed further at the Macron Stadium.
Furthermore the report states administration has also been openly discussed among staff – which would carry with it an automatic 12-point deduction according to Football League rules.
[You must be registered and logged in to see this link.] understands that the club will look to make an official statement tomorrow regarding the article – but senior sources have stated unequivocally tonight that there are no job cuts currently being sought, nor plans to go into administration.
Wanderers have lost more than 60 non-playing staff since dropping out of the Premier League and have had to reduce costs considerably over the last 12 months as financial input from owner Eddie Davies has been reduced as he looks to sell.
Levels of debt have now risen to more than £180million, with the club confirming earlier this year that a short-term funding deal was agreed with a finance company in lieu of an overdraft facility.
While plenty of questions are yet to be answered about how Wanderers will continue to fund themselves in the short to medium term without new ownership, the club has denied categorically that such drastic measures as administration are currently being considered.
