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Stockport have determined that they will need £250,000 by May 18th to avoid the threat of Administration.
Their Supporters Trust owners have come to the figure after a thorough review of their finances and have already implemented a number of cost cutting measures. In a statement David Hoyle, Chairman of the Supporter's Trust said:
"Negotiations are ongoing with creditors and it has taken sometime to reach a figure that we feel would secure the future of this football club. With a target in mind I urge fans to give what they can to help us secure the future of Stockport County Football Club. If we do not raise the money, then there is a serious cloud over our future."
Hoyle has held talks with landlords Cheshire Sport and the Inland Revenue to come up with the figure required, but it is believed their actual debts may be over £1million with £450,000 owed to the taxman. The deadline date set means that they are unlikely to be deducted points this season unless their crisis significantly deepens.
