National League club Gateshead have not paid their players and employees their September salaries amid ongoing financial difficulties.
The team currently sit at the foot of the table after losing five consecutive matches, during which they conceded 16 goals and found the net only once.
Earlier in the week, Mark Nellist stepped down from the board and ended his financial backing, explaining that the Tyneside club was “not moving in the direction I wanted or had expected”., external
However, interim chairman Graham Wood remains optimistic that fresh investment can be secured soon.
He said the club had concentrated all its efforts on attracting new financial support following Nellist’s unexpected withdrawal.
Wood added that considerable progress had been achieved over the previous 24 hours and that an announcement could be made within the next few days.
He also confirmed that Nellist had agreed to offer his shares for a nominal amount to help the process move forward.
Lee Cattermole’s team will host Worthing in their next match on Saturday.
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