Chairman Kris Machala has injected money into Aldershot as part of a financial restructure.

Machala has shown his commitment to the Shots by increasing his amount of shares to 510,000 to help improve the club's finances.

However, the money will go towards the runnings costs of the club rather than increasing manager Dean Holdsworth's budget for next season.

A Statement on the club's official website said: "Kris's cash injection will necessarily go some way to helping the club overcome legacy costs and shortfalls in revenue, rather than boosting our budget for next season.


 

"Our accounts, which have been filed at Company House, show a loss of £382,000 for the last financial year. This, however, was an improvement on the previous year, and we expect this trend to have been continued through the current financial year, which ends in June 2011.

"Collectively, we are making good progress on a business plan and a longer-term, three-to-five-year strategy. It is our intention that the football club lives within its means, in so far as is practicable for a club which is still relatively new to the Football League."

Copyright (c) PA Sport 2009, All Rights Reserved.

Topics:
Football
League Two
Aldershot Town