THE chief executive of Darlington FC has warned fans not to stop fundraising - despite the club being in line for a cash windfall.
Martin Jesper has told supporters that the £75,000 due to be paid to the club by Fulham after ex-Quakers player Dan Burn appeared for the Premier League side on Saturday would not be used to pay off debts or increase the transfer budget.
Instead, the money would help to create “financial headroom”, Mr Jesper told about 200 fans attending a forum at Blackwell Meadows, in Darlington, on Monday.
When the club had enough reserves, the cash would be spent on preparing the Blackwell Meadows ground – the home of Darlington RUFC - for joint use by the football club next season.
Mr Jesper added: “I have seen a number of business which have received windfalls and used it to clear significant amounts of debt, only to find themselves running out of cash months later when actual circumstances do not live up to initial expectations.
“The money raised will not be used towards an increase in playing budget. Martin (Gray) is fully aware the club has other priorities.”
Mr Jesper said this may change if the club won promotion, however it would only increase alongside a corresponding increase in off-field revenue generation.
The club is looking to raise more than £50,000 through fundraising.
Individual fans can purchase shares in the football club for an equity stake of £1,000 and upwards.
Local businesses can also invest sums of £2,500, £5,000 or £7,500 in return for equity and beneficial rates on commercial packages, season tickets and hospitality.
Supporters can also gain a £1 share in return for a donation of £100, £250 or £500.
For details, visit darlington1883.co.uk