NEW Chelmsford City chairman Trevor Smith says the club has cleared last season's debt and is working on chipping away at what the company owes in a bid to attract new investment.
Smith admitted there were money problems towards the end of last season but an excellent summer has left the club in a much better position.
Asked if the club was in a better place financially now than at the end of the last campaign, Smith replied: "To be honest yes it is. We had a lot of bills that weren't paid towards the end of last season, the increase commerically over the summer has allowed us to clear all of that debt from last season," said Smith.
"What the big aim this season is working with the debt the company has absolved with move back to Melbourne in 2006. One of the sole objectives this year is reduce that deficit so we can attract investment and get people to come in and help us support the club on a financial side."
Smith also revealed that any prize money won in cup runs hadn't been budgeted for and that would be extra cash to spend on bringing the club closer to his ultimate goal.
"We don't budget for a run in the cup, so they're a bonus and we'll use that to develop the infrastructure, enhance the team and use that money to help the club," he said. "We're not just going to squander that money, we're going to make sure it goes to the sporting development and the health of the club and towards the ultimate goal of knocking on the league door."
