Clyde seek urgent cash injection

Published on Thursday 5 March 2009 21:53

CLYDE chairman Ian Letham has warned the club must raise "substantial" funds within the next three months to stay afloat as the deepening recession takes its toll.

The Broadwood power-broker candidly admits the First Division outfit are struggling to survive in a worsening economic climate that has seen their sponsorship revenue fall and crowd levels drop.

In a bid to raise much-needed finance, Letham has appealed to fans to make donations at the turnstiles, while adult gate prices have also been increased by 2 to 17.

Explaining the club's predicament, Letham said: "These are very difficult times and Clyde have not been spared. The club faces a budget deficit this year which we need to address in the next three months.

"Our supporters and current sponsors have been great for us, but we now urgently need to find more money to keep our club safe.

"We need to raise a substantial amount between now and the end of the season. Any way in which you can contribute financially to the club at this time is vital. All donations of monies raised will be ring fenced and held by the Clyde Development Company.

"By working together we can achieve a positive outcome that will safeguard our club. I trust that all Clyde supporters will back the Bully Wee in whatever way they can to enable us to keep this club alive during these difficult times."

Letham admits a combination of factors is the reason for their financial difficulties.

He said: "A fall in revenue through reduced crowds and lost sponsorship, combined with rising costs has put an already tight budget under extreme pressure and it is important that all with Clyde at their heart are aware of that.

"No contribution at this time is too small. From taking part in the Trust lottery or buying a 50/50 draw ticket on match days to purchasing a hospitality package or taking part in our away shirt sponsor draw, these are all ways in which you can help.

"Season-ticket holders that want to help even further can do so by donating at the turnstile starting from the St Johnstone game. Unfortunately the current situation will also mean that gate prices for adults will have to rise from 15 to 17."