Following Monaghan United’s recent withdrawal from the Airtricity League, Dundalk FC have revealed the perilous financial situation at the club at present.
Dundalk released a statement this morning outlining the severity of their financial difficulties at present and that they run the risk of losing a sizeable chunk of their squad due to an inability to pay their wages over the last number of weeks.
Since first announcing that they were unable to pay players’ wages and issuing a plea for financial help five weeks ago, the club have been able to raise just under €6,000 in donations after sending out letters to over 700 people.
The club have stressed in no uncertain terms that if the current situation is to continue, that they “will undoubtedly be fighting a relegation battle, or worse case, go out of existence”.
To outline the gravity of the current situation, the statement reveals that the club made a €70,000 loss in relation to season tickets and net gate receipts in the last year and that those losses don’t account for further loss of income through “Merchandising Sales, Bar Income, Lotto Sales, Match Programmes Sales, and other match night revenue sales which are affected by reduced attendances and people coming to games”.
The club are continuing to work with the FAI in an effort to solve their financial problems, but without a major cash injection in the immediate future, the threat of losing their Premier Division status or even going out of existence looms large, once again highlighting the struggle faced by many domestic clubs at present.
To read the Dundalk statement in full, click here.
LISTEN: You Must Be Jokin’ podcast – listen to the latest episode now!
