Summary
Grimsby Town chief executive Ian Fleming has moved to reassure supporters that the club will not be going into administration. The Mariners published their latest accounts this week, revealing an operating loss of Pounds 936,177.
However, Fleming insists the losses were to be expected after a drop in attendances and a reduced income from TV coverage. "There is absolutely no threat of administration whatsoever," said Fleming. "That wouldn't do the club any good. When it comes down to administration, it's about who you owe money to, who your creditors are.See the full content of this document
Extract
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"Primarily, we only have one or two creditors, one being the primary funder which is John Fenty. "Another is t...
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