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The Bulls will axe their youth team unless it finds £65,000 in sponsorship to cover costs next season.
The club says it expects the side to cost it that sum next term with central funding disappearing entirely, and that the decision has been made unanimously by the board.
The club have put a deadline of February 17th for sponsorship talks to be 'in advanced stages' otherwise the club will pull the plug on the side that ran Man City close in the FA Cup this year.
The full club statement is here (link).
Some 'youth' players have already been told to try and find another club for next season according to a parent who spoke to BN earlier this week.
Here's part of the statement:
“If negotiations with a potential sponsor are in not in advanced stages by February 17, the youth set-up at Edgar Street will not continue into the new season.
“Whilst this is very disappointing, this was a unanimous decision made by the board.
“The aim is clear: to focus all of the clubs efforts and revenues on the first team squad to provide a competitive playing budget whilst working to the break even budget.
Some 'youth' players have already been told to try and find another club for next season according to a parent who spoke to BN earlier this week.
Here's part of the statement:
“If negotiations with a potential sponsor are in not in advanced stages by February 17, the youth set-up at Edgar Street will not continue into the new season.
“Whilst this is very disappointing, this was a unanimous decision made by the board.
“The aim is clear: to focus all of the clubs efforts and revenues on the first team squad to provide a competitive playing budget whilst working to the break even budget.
“The first-team playing budget for the 2014/15 season will be based upon forecasts that are derived from this year’s income."
