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SteveP

Kingstonian in Administration

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There are several reports on the K's website Kingstonian have gone in to administration.<P>I believe the local press have confirmed the situation. <P>I hope they manage to get their house in order.

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This was a statement issued earlier...<P>KINGSTONIAN'S SITUATION<P>In response to press reports about its current situation, Kingstonian Football Club confirms that whilst it is currently facing financial difficulties, reports saying it has gone into Receivership are not correct.<P>The Board is currently considering the best way of handling the situation in order to ensure the Club continues with its day-to-day operation in the usual manner - for the rest of the season and on into the future.<P>During the next few days the Board expects to announce what steps are to be taken to ensure this protection for the Club.

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The Surrey Comet's web site reports <BR>Administrators will take over the running of Kingstonian Football Club on Tuesday. <P>Chairman Alan Kingston confirmed today the club had voluntarily decided to bring in the financial experts to deal with the club's "substantial" losses. <P>"The players' wages vastly exceeded the amount of money coming in," he said. <P>"Our wage bill was probably the highest in the Ryman League and we needed to take action." <P>He said that despite relegation from the Conference, the club's wage bill had gone up by 24 per cent this year and that directors had been ploughing their own cash into the club to try to keep it afloat. <P>But he believed Ks could follow the example of Crystal Palace and Queens Park Rangers who have emerged from spells in adminstration in a stronger state. <P>No confirmation has been received from the club.

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Let's hope that the 'powers that be' at Kingtonian manage to get their affairs sorted out. Although we all love to 'hate' each other, it's a crying shame when any club gets into problems. Non-league football has a very important role to play in the sporting/entertainment area of recreation - not all of us can afford the prices charged at league football grounds, we don't like some of the behaviour at professional grounds and we enjoy being a part of our own small club set-up.<P>Good luck Kingstonian. Let's hope you can hang in there.<P>Merv

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Guest

It just goes to show how fragile the foundations of many sides really are (and how you can't buy success).<P>From one who still remembers the bad old days when Aldershot FC went bust - good luck to Kingstonian, I hope you can sort things out.

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Ex-Tottenham, Wolves and Ipswich player Steve Sedgley has been promoted from coach to first team manager of Kingstonian.

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Lets all hope that Kingstonian can sort out their difficulties as we are looking forward to our trip there. Just goes to show how the mighty do fall, but hope they stay afloat. wink.gif" border="0

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