WOKING are up for sale for £1 – and owner Drew Volpe has warned the club will go into administration if a buyer can not be found in the next few weeks.
Volpe told BBC Radio Surrey he has ploughed “over £3.425m” into the National League club since taking over alongside business partner John Katz in 2021.
And he admits the Cards are only currently living off a £600,000 loan given to him by his parents, which has allowed them to begin preparations for the new season.
Asked if the club would now be in administration without the loan from his parents, the American businessman responded: “Yep, 100%.”
This story is from the July 21, 2024 edition of The Non-League Football Paper.
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This story is from the July 21, 2024 edition of The Non-League Football Paper.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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