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No relief to Glentoran’s financial woes

The Oval home of Glentoran FC

The Oval home of Glentoran FC

  • by Gareth Fullerton
 

Glentoran Football Club are facing up to another financial crisis - just two months after receiving a bailout from their own sponsors.

Back in December McLean’s Bookmakers stepped in to aid the Oval club with a significant cash injection.

In spite of the assistance it appears the East Belfast giants are floundering once again.

It was reported on Tuesday that the Glens have not paid their tax bill to Her Majesty’s Revenue and Customs for the past three months.

It follows news that the club’s players were due to receive only half their January wages following Monday night’s Setanta Sports Cup victory over St Patrick’s Athletic.

The latest developments have prompted concerns over potential staff redundancies at the Oval.

It is not the first time wages have been delayed this season, with players having to endure an eight-week wait for payments back in November.

Speaking after Monday night’s Setanta Cup win over St Pat’s, club captain Colin Nixon admitted “everyone was struggling” in the current economic climate.

“In tough economic times, everyone is struggling,” the club stalwart said.

“Glentoran are probably more to the fore because we are a bigger club and people want to hear about it unfortunately.

“We will get through it. All the players can do is concentrate on playing.

“We have to keep plugging away and work hard.”

Club officials were unavailable for comment on Tuesday.

 

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