As outlined in the Open Letter to Fans published by Greenock Morton this afternoon, an agreement has been reached with players that will see them placed on furlough. Morton Club Together (MCT) have been in close communication with the Club since the beginning of the current situation and have worked hard alongside them to reach best solution for the long-term sustainability of the Club.
The first thing to note, is that the ongoing contributions and additional contributions made in recent weeks have been extremely valuable and appreciated. Since the suspension of football, the club’s cashflow has understandably been significantly affected and the backing of MCT and its members has been vital.
With the first team squad now being furloughed, we want to explain how MCT money will be used in the coming months.
Since the players wages will be being covered by the government’s scheme, a scheme which will be extremely valuable to Morton, MCT will not be making contributions until the players are off the furlough scheme.
Looking ahead to when football resumes, this will put MCT and the Football Club in a much stronger position than would have been possible otherwise. It means that the money that would have been contributed during this time will instead be accrued and will go towards the budget once play resumes, allowing us to potentially increase our monthly contributions by a significant amount.
What is also important to keep in mind, is that once football does resume, it may take time for cashflow to reach its potential and therefore the support of MCT towards first team wages will be crucial for getting things back up and running.
What this current situation has highlighted is just how important the support of MCT and all of its members has been and will be to the Football Club. We would like to thank each and every one of you for your ongoing commitment and contributions. There are now 430 members of MCT and we have contributed more than £50,000 to the playing budget. Looking forward, we will be on target to significantly increase our contributions to the playing budget once play resumes.
We realise this is a tough financial time for many people, but by continuing with your monthly contributions during this time, it will make a massive difference as outlined above.
As always, if anyone has any questions at all, please do get in touch. You can do so by emailing email@example.com and we will be happy to answer any questions.
Finally, we would just like to offer one more sincere thanks to each and every one of you and say that we hope you and your families all stay safe during this difficult time.
We can’t wait to be back at Cappielow once play resumes and your support helps ensure that we will still be able to do that once this is all over and long into the future.
Graham McLennan, Stewart Farmer, Gordon Ritchie and Ivor McCauley