Talks continue is battle to save Latics

Last updated : 28 June 2003 By The Chairman

D-Day has passed for insolvent Athletic. As owner Chris Moore will not bail them out any further it is a mad scramble to try to avoid liquidation. Hopes are still high in the camp but an immediate investment of around £250,000 is needed to cover monthly wages and associated costs, such as pension contributions.

Extensive talks are continuing to be held with a mystery investor worth an estimated £100m and Sean Jarvis said, “The funds raised by the Supporters Trust won’t be put towards the wage bill. We are looking for an investor who can provide the money we need straight away. It might not be a long-term answer, but we’d be able to move on to the next stage. A lot of meetings are planned and, in the meantime, we urge fans to keep chipping in with whatever donations they can afford. Everything goes to the Supporters’ Trust and the response so far has been good – we even had one man walk into the shop, hand over £1,000 and walk back out.” It is anticipated that any take-over could take up to two years to make the club stable again.