News

Fears of a "financial meltdown" have forced directors at Folkestone Invicta to put in emergency measures to save the football club.

The first team players are not being paid for the foreseeable future and any players wishing to leave the squad will be released immediately.

A statement published by the Board of Directors on the club's website reads: "The situation is now so serious that urgent and drastic action is needed to save the club from a financial meltdown that could lead to its ultimate failure.

"Decisions will be taken which may not always be popular with supporters but will be designed only to try to safeguard the future of the club and to see all the games played this season.

"The current board have fought hard to meet these commitments so far this season but the point has now been reached where the present situation cannot continue. Match day revenue is down by 30% over last season and an early exit from both major cup competitions means that prize money received has been below minimum expectations. Whilst we are grateful to our loyal and growing band of sponsors for their generous contributions, the club needs considerably more commercial income, which is not practical to expect in today's economic climate."

A meeting is to be held next week to discuss the crisis.