A NEW financial rescue package was unveiled on Thursday to save Glentoran FC from going under.
A. McLean Bookmakers, Northern Ireland’s largest independt turf accountants, have stepped in with a major cash injection to help to stave off the possibility of the east Belfast club going into adminstration because of mounting debts.
The players have returned to training after they were paid one month’s wages.
In November they refused to train after they did not receive payment for eight weeks.
There have been ongoing cash flow problems at the club. In May, the IFA lent it £60,000 to cover unpaid wages.
There have been other cash injections to keep them afloat.
At a lunchtime press conference, it was revealed that Glentoran are looking to move from the Oval but still stay within the east Belfast are.
Glens chairman Terence Brannigan said: “We are in negotiations with Harbour Commissioners for potential site. Nothing has been concluded as yet.’
“The fact that we are third in the league with these current difficulties is testament to our players and coaches,” he added.
Paul McLean of McLean’s bookmakers addede: “Hopefully when we move to the new stadium the money problems will be behind us.
“We look as ourselves as the biggest independent in Northern Ireland. This is an ideal fit for us.
“Our business is sport, this is local sport. We’re happy to help.
“To be associated with such an icon as Glentoran is indeed a pleasure and we are happy to help out and push forward.”