Kidderminster Seek Legal Advice Against Own Directors

have taken legal advice against their own directors over ” unfulfilled commitments” in the form of funds committed to the club.

The Conference Premier outfit claim that money “contractually committed” to Kiddy from directors has not been forthcoming and that they will now seek legal advice.

Ernie and Kath Lane both recently resigned as directors of the Aggborough outfit but chairman Ken Rae played down any fears over the future of the club at the time, saying: “We've got one or two issues but there are no serious problems.”

Kiddy are now looking to secure the promised funds and admitted that their absence had caused “unexpected financial challenges”.

A club statement read: “Events over the last month means that money that was contractually committed to the club by other directors to cover the trading performance in the 2013-14 season has not been forthcoming despite written assurances to the contrary.

“Recent events with other clubs this summer has illustrated how difficult it can be to run a lower league club and it is essential that the directors can rely on funding commitments made.

“Therefore, notwithstanding any historical financial contributions, the failure to meet these most recent, and to date unfulfilled commitments, which the Directors had relied on in pushing for promotion last season, has caused unexpected financial challenges.

“Legal advice has been sought in this respect and as a consequence the club shall make no further public comment whatsoever.

“The club remains very positive about the forthcoming season and the directors are keen to achieve a speedy resolution in this matter.”

Leave a Comment

Your email address will not be published. Required fields are marked *

*