Brentford given debt relief by supporters

Last updated : 22 January 2007 By Smallsy
Brentford supporter Matthew Benham has paid out nearly 3 Million pounds today to take over some of the club's loans. This money includes a 2 Million bank loan and nearly a million pounds to Ron Noades' company.

The BBC states,

'Benham will hold both interest-free for five years, while Noades has written off some of the clubs debts in a mark of good will.'

Greg Dyke, the chairman of Brentford said,

"This is a welcome boost to our efforts to reduce debts and survive until we can build a new stadium," chairman Greg Dyke told the club website.

"The club is currently facing an uphill battle to stay in League One and as a business there are some tough challenges to face. Matthew Benham's wonderful gesture will immediately save us over £150,000 per year in interest charges."

The supporters trust Chairman Brian Burgees said,

"We are extremely grateful to Matthew for his extraordinary generosity. Brentford fans have always shown their determination to help the club.

"In the past two months spontaneous fundraising efforts have come up with over £30,000 to help strengthen the squad with loan signings in the January transfer window."