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Weymouth owe more than £2million, and are racking up huge weekly losses, according to the departed Financial Director.
Chris Pugsley, an Accountant, quit the Weymouth board last week after his concerns over the financial state of the club appeared to have been ignored by the Chairman, Martyn Harrison.
Pugsley claims that £2million is owed to Harrison's company, Hollybush Hotels, and Barclays Bank. Harrison initially claimed that any investment from Hollybush would be a gift, but the club received an official letter from Hollybush stating that the bulk of the money was a loan.
Harrison, 90% shareholder of the club, has now stated that all the Hollybush money is actually a personal investment, and has dismissed Pugsley's claims that the rest of the board have no say in running the club.
Weymouth had pinned their finances on selling their Wessex Stadium to Asda. Government inspectors rejected the plans, but local council officials are continuing to back the plans and are challenging the ruling.
