North Ferriby United target Conference after Assem Allam cash 'secures future'
NORTH Ferriby chairman Les Hare believes promotion to the Conference North has been made more viable after a significant investment from Hull City owner Assem Allam.
Ferriby were dealt a severe blow at the start of last season when lost sponsorship saw revenues dip by £40,000.
But following an investment which is expected to surpass the £100,000 mark, the Villagers are now reaping the benefits of Allam's financial assistance.
As well as eradicating historic debts, Allam's cash has helped improve their annual playing budget and financed ground improvements.
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"The club has endured two really bad years of unsustainable financial strain that left us on the brink and facing down-scaling," said Hare .
"To the point that would have wiped out almost 40 continuous years of hard-earned progress since the club broke into Yorkshire League back in the 1970s.
"Despite putting contingency plans into operation, our best efforts failed to produce sufficient income in difficult economic times.
"To my immense gratitude, Assem agreed to inject a significant cash sum into the club to help secure its future.
"His financial support has removed our entire bank deficit, secured jobs, covered our playing budget, enabled the acquisition of five new players, provided hope for promotion through incentives and enhanced ground facilities for the greater benefit of the community."
The timing of the announcement comes with Ferriby sitting five points clear at the top of the Evo-Stik Premier Division ahead of the arrival of FC United of Manchester tonight.
Happy that things are going so well on and off the pitch, Hare added: "Assem's generosity and overwhelming willingness to ensure we continue to prosper has significantly enhanced the valuable financial support already provided by our existing patrons and sponsors, which collectively, will now guarantee the future of this fantastic club."