Harriers' legal battle over cash

First published in News

KIDDERMINSTER Harriers are threatening legal action against two of the club’s directors over money.

The Aggborough outfit released a statement this week stating it was seeking advice from their solicitors against some members of the board, believed to be Kath and Ernie Lane.

Harriers want to reclaim money which they believe was contractually owed to them to cover a shortfall in the 2013-14 season.

The club used some of the funds from last season’s run to the FA Cup Fourth Round to cover the gap.

While the situation has created a short-term cash flow problem during the close season, Harriers are keen to stress they are not in debt and their finances remain sound.

Last week, The Shuttle revealed that long time supporters the Lanes had tendered their resignations. They joined the board in 2011 after paying a £60,000 bill to Her Majesty’s Revenue and Customs.

Harriers’ statement said: “Events over the last month mean that money which 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 football club.

“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.

“The directors are keen to achieve a speedy resolution in this matter.”

In order to help alleviate the club’s current situation this summer, Kidderminster Harriers Independent Supporters Trust (KHIST) have invested £21,500 in return for shares.

KHIST have also nominated Aggborough as an asset of community value.

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