BASINGSTOKE Town confirmed it has debts of around £73,000.
The news comes as the club held its Annual General Meeting (AGM) last night - which also had the first competitive election in the club's history.
Acting chairman Kevin White said that while there is debt of £73,000, this dates from 2017, and the club has not had to take on anymore to get through the coronavirus crisis.
He said: "The £73,000 debt is from 2017 when the community club was in its infancy and still sits on our balance sheet.
"We are currently under no pressure to repay this although we want to start repayments next year ideally because it is important that as the club grows and starts to put the firm roots down back in the town it is imperative that we repay those that showed faith in the club in the early days."
The AGM - held virtually - was for members only.
Kevin added that it was a "positive and active meeting", with a "first class" level of input.
In the board elections, there were eight nominees for six vacancies.
The results were counted and verified by the voting committee, and the following people have been elected to the board:
- Jack Miller
- Steve Williams
- Colin Stoker
- Chris Walsh
- Martin French (re-elected)
- Liz Lockie, who is also treasurer.
They join current board members Katie Oliver, Sarah Parsons, Colin Phillimore and Kevin White.
Kevin said: "It was a really positive evening. Whilst we are continually aware of just how much this club means to people, moments like last night reaffirm that relationship we have with our supporters and members. The Board looks really strong and we’re all looking forward to taking this club forward alongside our supporters."
Newly elected board member - and fourth generation supporter of the club - Jack Miller said he felt there was "no better time to get vinvolved" in the club.
He added that finding a long time home for Town is "nothing short of imperative", and that he will "call on the Council and the community as a whole to make a stand and help to bring this to fruition; be it a return to The Camrose or a genuine like for like replacement".
He added: "I would urge anyone thinking of being a part of this new community club in any capacity: fans, volunteers, sponsors and the wider Basingstoke community to get in contact now, as exciting times certainly lie ahead.”
A board meeting has been arranged for Wednesday evening where the roles of Chairperson, Vice Chairperson and Secretary will be decided.
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