herald

Saturday 18 August 2018

Davis facing up to a bleak future

THOMAS Davis are facing up to a bleak financial future after calling their members for an emergency meeting next Monday in an attempt to address their massive debts.

The Tallaght club have written to members, both past and present and invited them to a gathering in order to explain the full extent of their money woes and generate a strategy for recovery.

The exact figures will be revealed next Monday but reports suggest that their debt currently stands at €2m and the club have admitted they are no longer able to make ends meet.

A letter signed by chairman, Andrew O'Donnell, reads:

"Due to significant investment in the club's facilities over the year, the most recent and most expensive being the all-weather pitch, the club debt has increased substantially to a point when the club is no longer in a position to meet its on-going financial commitments."

Officials from the club could not be contacted at the time of going to press.

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