AGM: Positive news emerges

Less than twenty shareholders turned up for the AGM at Borough Park, the lowest turn-out for several years.

But the few who attended were reassured to learn that the club was in reasonable health, financially solid off the pitch and in decent shape on it.

Chairman Phil Norman reported on plenty of positives over last season, culminating in the overdue promotion and Cumberland Cup success from the team and continued support on the terraces and financial backing through various fundraising avenues. 

He said it was a challenge to keep the club ticking over with utilities, transport and food and drink costs all going up with inflation.  And to meet some of those spiralling outgoings, the chairman reported that sponsorship packages had increased on the previous year reaching an all-time high.

New sponsorship leads were being followed up for next season. 

Former chairman, Dave Bowden, informed the meeting that progress on the £6.4 million new stadium project had been slower than we would all wish.  But the positive news was that Cumberland Sports Village had now completed, and had approved, all supplementary work required.  Once a funding agreement is completed this will release significant funds to enable design work to be developed to full planning, and the project will begin in earnest.

Two of the resolutions were to re-appoint directors Christopher Root and Leslie Byers.  The former was re-elected in his absence, the latter voted back on to the Board for another term in office.

Les Byers and Chris Root re-elected to the Board

One shareholder delivered a vote of confidence to the Board for its professional approach in running the football club, over what has been a ‘difficult few years’.

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