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JEFF · 25-03-2004, 12:22

Telford United Football Club has gone into receivership, after chairman Andy Shaw hit money problems.
Banks have called in money owed by Shaw's three businesses - including Telford United - and the companies have collapsed.
Efforts are underway to save the club - and the business interests of its chairman Andy Shaw.
This morning meetings are underway at the club ground involving club sponsors and directors and a statement is expected around mid day.
The club's been told it can continue until the end of the season, after which time its future is uncertain. The board of directors say they're determined to press on to try to save the club.
They are looking for donations, sponsorship, outside investment and any other help they can get. The only income they have now is gate receipts
Mr Shaw called key staff to his construction company headquarters in Cannock yesterday explaining that the banks were calling in loans due to them.
Club commercial director Robin Eaves says a new backer must now be found.
He said: "Whether we can save the club, I don't know.
"We're obviously going to need the people of Telford to show us they want a (football) club - and we need someone to buy the club."
Former chairman Tony Esp said the club has always struggled to survive.
He said: "Basically you've a situation where the sort of money coming in just isn't enough and we did our best to control costs, but even so every year wewere losing between £50,000 and £70,000."

25-03-2004, 12:22	#7
JEFF Resting In Peace Join Date: Mar 2004 Posts: 2,084 Liked: 1 times Rep Power: 2025	Re: Telford United Telford United Football Club has gone into receivership, after chairman Andy Shaw hit money problems. Banks have called in money owed by Shaw's three businesses - including Telford United - and the companies have collapsed. Efforts are underway to save the club - and the business interests of its chairman Andy Shaw. This morning meetings are underway at the club ground involving club sponsors and directors and a statement is expected around mid day. The club's been told it can continue until the end of the season, after which time its future is uncertain. The board of directors say they're determined to press on to try to save the club. They are looking for donations, sponsorship, outside investment and any other help they can get. The only income they have now is gate receipts Mr Shaw called key staff to his construction company headquarters in Cannock yesterday explaining that the banks were calling in loans due to them. Club commercial director Robin Eaves says a new backer must now be found. He said: "Whether we can save the club, I don't know. "We're obviously going to need the people of Telford to show us they want a (football) club - and we need someone to buy the club." Former chairman Tony Esp said the club has always struggled to survive. He said: "Basically you've a situation where the sort of money coming in just isn't enough and we did our best to control costs, but even so every year wewere losing between £50,000 and £70,000."