GOSPORT BOROUGH have moved to allay fears that the club are in serious financial difficulties but have admitted players are behind on their wages.
The 2014 FA Trophy finalists have enjoyed another successful season on the pitch and are fourth in the National League South ahead of Saturday’s game against Oxford City.
Alex Pike’s men have lost two of their previous three games, however, and it has emerged that players have not been paid and the club have been under a transfer embargo for the past six weeks.
The club have confirmed the embargo and say it is because they owe money to HM Revenue & Customs although a payment plan has been set up.
Borough are also chasing a number of sources that owe the club money and say they are working hard to ensure “our players and HMRC are paid in full as soon as possible”.
A club statement added: “Gosport Borough Football Club accept they are currently under a player embargo for an outstanding balance owed to HMRC, a payment plan has been set up and is being fulfilled.
“It is also agreed that GBFC players are behind on their wages however this has been discussed with a representative from the players and again a repayment plan has been set up and the players were made aware of this last Tuesday.
“Monies owed to GBFC from a variety of sources are also being chased by staff. If this money had been paid to the club by the payable invoice date then the club would not be in this temporary financial struggle.
“It has also been unfortunate that we have only played two games on Saturdays since December 26 which has also had an adverse effect on cash flow.
“The only paid people at Gosport Borough FC are the players. Everyone else, including the directors, are volunteers and unfortunately when GBFC are let down it has an immediate effect on the playing staff. We find this regrettable.”
