Nick Leeson and Galway United’s board of directors have confirmed they will remain in charge at Terryland Park despite criticism from supporters over debts incurred that threaten the future of the Connacht club.
The Galway United Supporters Trust (GUST) have called a meeting at Terryland on Wednesday to address what Trust chairman Ronan Coleman describes as 'serious financial issues'.
The fan body claims that football debts incurred over the season may be as high as €70,000, but sources close to the board have indicated that the actual figure in the region of €35,000 to €40,000.
Footballing debt can include, among other things, payments to players and staff, other clubs and the Revenue Commissioners.
The debt must be cleared to allow the club to fulfil FAI licencing requirements for the 2011 Premier Division.
The closing date for the application is 31 January but there is also a preliminary deadline on the 21 December.
GUST have also claimed there is a lack of clarity over the CEO's position.
The Galway board today pointed out that the overall level of debt, including the footballing debt at the club, is decreasing year on year. However, this statement has been disputed by several other sources.
The Galway board also commented that the level of football debt is comparatively less than the figure included in the 2009 accounts. This is also disputed and not confirmed by an independent third party.
The Board are due to meet on Friday of this week and have stated they are committed to working with all of the stakeholders at the club, including the Supporters Trust to secure the club's future.
Galway today announced on their official website, www.galwayunitedfc.ie, that 2011 season tickets would be on sale for just €99 until 7 December.