CLUB LOOKING FOR NEW INVESTMENT
Right time to seek fresh and additional investment
The Club's board of directors have decided that now is the right time to seek fresh and additional investment into the Club to help consolidate and push forward in the future.
Following the death of former director Kim Cowell last summer and the subsequent resignation of director Alan Stuckey last month, the Club's Board of Directors are now just two: Lee Harding (who joined the board in 2003) and Vic Dixon (who joined the following year) and, while they continue to work hard and as best they can to support the Club, the workload on the shoulders of these two volunteers is obviously more intense than the six man board that took the Club to the play-offs for promotion to the Football League ten years ago.
Both Dixon and Harding are happy to remain involved with the Club as directors, sponsors, or just supporters and both look forward to helping the Club build on the progress made in the last 24 years.
Chairman Lee Harding said: "from the bottom of the Isthmian League to the play-offs for promotion to the Football League, it's been an exhilarating ride and we look forward to the future with expectation. We're all disappointed with relegation this season but we've been here before and the minimum target for next season will be a play-off spot and we've won a few of those!"
Further information can be obtained from the Club at [email protected].
#IronArmy | Forged in 1898
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Colchester United lost £3.6 million in 24/25, taking total losses to almost £46 million.
The Club has no external debt but owes Robbie Cowling £41 million via his company, that charged interest at 7.25-8.25% last year, which works out at £2.6-£3.3m last year.