Gateshead FC have not issued September salaries to their squad and employees. This financial difficulty follows a board director, Mark Nellist, pulling his financial backing and stepping down from his role. Nellist commented that the club's trajectory was not what he desired. Acting chairman Graham Wood indicated the team is now concentrating on attracting fresh investors. Wood mentioned that developments have occurred recently and an update is anticipated shortly. The former director has offered to sell his stake for a very low price.
The situation arises while the team is last in its league, having earned a minimal number of points. Their performance has been poor, suffering a series of losses. During this period, they have allowed many goals while finding the net just a single time, with a recent narrow defeat at their own stadium.
Coach Lee Cattermole is getting the team ready for an upcoming home fixture against a team positioned in the top half of the table. Securing new financial support is key for the club's near-term prospects during an important sequence of matches.
Read the full report at BBC Sport Football
