Cornwall Council considers stumping up cash to save Truro City
Cornwall Council is considering stumping up £10,000 to keep Truro City Football Club (TCFC) from going out of business.
The cash-strapped club needs to come up with a £50,000 bond by 5pm today or it will be thrown out of the Football Conference.
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Truro City Football Club
The lawyer working on a deal to save the club said the future of Truro City was hanging in the balance.
The club went into administration following the bankruptcy of the former chairman, Kevin Heaney.
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James Moore, a solicitor advising administrators Walsh Taylor, said: "Cornwall Council has agreed to support us with £10,000."
Mr Moore said administrators were dealing with two other interested parties who would contribute the other £40,000 or the entire £50,000.
He said: "This morning I would have said chances of survival were 70-80 per cent against but things have moved this morning and it's all in the balance."
A spokesman for Cornwall Council said: "Cornwall Council has been talking to the administrators about how the council may possibly assist TCFC and is currently considering their formal request outlining what kind of support they want the council to provide."
Comments
by Outrageous
Thursday, October 11 2012, 10:46PM
“Do we really believe Kevin Heaney is bankrupt? Let's get real here. That man has millions in off shore trust funds. He has walked away leaving good Cornish firms bearing the brunt of his debts for Truro City Football Club. Now Cornwall Council are considering putting good money after bad? Don't get me wrong, I would love to see a good, honest, down to earth football team for Truro, but certainly not funded by the public purse. Do we not need to spend the money on our elderly and our schools and facilities for all first?”
by SmokieJoe
Thursday, October 11 2012, 6:06PM
“Unbelievable considering the way they want to cut services!”
by Truro_England
Thursday, October 11 2012, 5:32PM
“Will CCC help other sports club in the county if they need help??
Or is this £10k to secure the free tickets its staff get to matches,
Either way using tax payers money is wrong!!”
by kernewekonan
Thursday, October 11 2012, 2:25PM
“what on earth are cornwall council thinking about? to even think about bailing out a football club they need to have their heads tested. no money to run the county cutting services cutting jobs and the list goes on & on. if these sports clubs paid their way properly in the first instance they would not end up in a state such as this.looks to me there are pleny of lawyers on hand no doubt working for nothing.”
by doowopper
Thursday, October 11 2012, 2:03PM
“Even if Truro find the £50,000 bond how are they going to pay their running costs.
They are only still here because the players deferred their wages.
They won't defer them for a season or next!
£190,000 a year is needed to break even.
They can't earn that through the gate or sponsorship.
Cut their losses, drop the first team and make the reserves their first team and aply next season to put a team in Division 5 of the Trelawny League”