Berwick Rangers make call for new investment
Berwick Rangers FC will hold their AGM for the 2018/19 season on Monday 6thJanuary 2020, and are expected to announce significant losses once again for a season which saw the Club lose it’s place in the SPFL. Chairman John Bell has extended an invitation to any group or individual willing to invest in the Football Club to get in contact, with any credible options being put before the shareholders in seven weeks’ time.
“The current Board is making huge efforts to halt the slide of recent years, but with relegation bringing declining league subsidy, gate money, advertising and hospitality, it’s only right that we seek to explore every option for securing the future of Berwick Rangers. One area where we achieved significant improvement was in shirt sponsorship, and we’re very grateful to the three businesses who stepped forward. I said in August that we needed the support of fans and the local business community to stabilise the Club’s finances, and having made an early exit from the Scottish Cup, we know this is going to be another very tough year. I would ask any party who feels that they can contribute to the future of the Club to get in touch before the 7th December and have an open and honest dialogue with the Board and major shareholders, so we can work up some proposals at least a month before the AGM. Guaranteeing that we have a Club to support in future years may require tough decisions to be made in the New Year, and expectations adjusted accordingly.”
The largest shareholder, the Supporters Club, announced last month they were willing to listen to offers for their stake in Berwick Rangers, and the Supporters Trust, which is the second-largest shareholder is also open to new ideas about the governance of the Club.
