Barrow, Barrow AFC, Bluebirds, Micky Moore, Moore, National League, NLP, Non-League

Owner Paul Casson pumped £1million into Barrow last season as Bluebirds chase promotion

owner Paul Casson says spending big to turn Barrow into contenders is “part of the plan” after it was revealed he pumped £1m into the club last season.

Accounts recently filed by the club up until the end of May 2016 show that they have overall liabilities standing at £1,807,461 which is up from £816,707 at the end of May 2015.

Casson, who took over the club in 2014, has assured fans that the increase in debt is completely down to his own investment in the Holker outfit.

The £1m pumped into the club last term has helped build the foundations of a strong squad and ‘s men still have an outside chance of a play-off spot in the National League this season.

Businessman Casson will return to England from his United States home to watch Barrow’s final game of the season against fellow play-off hopefuls Dover on April 29.

And he says the large investment he has put into the club so far should not come as a surprise with ‘s top tier becoming more and more competitive.

“It is 100 per cent money I have put into the club. There are no debts to anyone else,” Casson told the North-West Evening Mail.

“The money is put in as a loan. I don’t want to go too far into it, because it is to do with US tax laws. It is overly technical, and it will cause people’s eyes to glaze over.

“It would have been nice to draw Manchester United away in the third round of the to write it all off, but it didn’t happen and what we have is pretty much in line with what we expected.

“The company may seem like it is carrying a large amount of debt, but it is not like we went to the bank and borrowed a large amount of money. I couldn’t leave and demand the money back – I own the club, so I would be talking to myself if that was the case.

“It’s all part of the plan. We knew it would cost this much to be competitive – we didn’t go into this thing with our eyes shut.

“We knew that operating at the top end of this league is completely different to operating at the bottom end, it requires a totally different level of investment.”

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