Thamesmead Town- almost fifty years of history comes to a sad end

Thamesmead Town FC this evening announced that they had suffered an insolvency event, and were folding with immediate effect. Their last match was their 3-0 win over Guernsey on Saturday 6th October.

Chairman Paul Bowden explained that he had been trying to find a buyer for the club for some time, sadly without success. He added that he had been personally covering all costs for a considerable period, and had decided with a heavy heart that this could not continue.

In an emotional statement, which you can read in full here, Paul explained:

“We have continued to have a lack of supporters coming through the gate to watch the team this season.   For the last two games, after paying for the officials, we have netted a total of £11 for the club.  Even though I finance the club management, the squad of players, the ground and all other required expenses, with my failing health, I have had to make a very difficult decision. 
 
Although I accept that the writing has been on the wall for some time now, I still wanted to ensure that I covered every eventuality that would allow our Club to continue to trade.  However, this was not successful, and I  feel that the time has come for me to hang up my boots at Thamesmead Town and call it a day. 

There has been no genuine interest in someone taking over the club, even though I have offered to write off all my shareholdings (all my investment since 2012) for the sum of £1.  As I have been only person financing the Club since 2015, I feel after discussing the matter with my advisors including the league it would seem that there is no other option but to appoint a liquidator to close down the Club with immediate effect.”

We will bring you more news on the implications of this announcement as soon as we can. We're awaiting more information at present.