The situation is made worse for Macclesfield by a specific quote in a statement on the Silkmen's official site that indicates the shareholders aren't prepared to pay off the fine. The full statement reads
The Macclesfield Town delegation was given a long hearing today as the FA Disciplinary Tribunal considered four charges associated with the building of the McAlpine Stand in 2000/2001.
Club representatives, who presented evidence in defence and in mitigation of the charges, were devastated by the outcome.
The total of fines, costs and compensation to the Football Foundation will approximately amount to a staggering £300,000 to be paid within six weeks.
The current major shareholders have always been committed to the original plans of Macclesfield Town FC but do not feel it appropriate, or fair, for them to pay for the mistakes of a previous regime by meeting these new and draconian cash demands.
As a result of the FA Tribunal's decision the Club will need to raise £300,000 by the end of January 2006 in order to avoid insolvency.
Arrangements will be made for a Fans and Shareholders meeting to be held at the Moss Rose on Wednesday evening at 7pm to review the implications of today's decision.
This has left the club, who have the lowest attendances in the football league, needing to somehow find £300,000 in 6 weeks to avoid insolvency and become the first football club since Telford to be declared bankrupt, forcing the club to close, possibly for good. Rumours are coming out of Moss Rose saying that the club are ready to open discussions with Lincoln to take Jon Parkin to Sincil Bank, however, whether Keith Alexander and the board would be interested is another thing due to a likely high transfer fee and wages of roughly £1500 a week.
We wish Macclesfield all the best in the next 6 weeks and we genuinely hope you survive.
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