Accrington Stanley have announced the sudden closure of their Academy, due to current financial pressures the club faces.
The board of directors blamed "significant financial challenges" facing the League Two club following ‘restrictions on the use of club facilities’ and ‘substantially raised costs for what is already a loss-making business’.
A statement from the club said: ‘’It is with deep regret that we announce the closure of the Accrington Stanley Football Club Academy. This decision has not been made lightly but is a necessary step given the significant financial challenges the club is currently facing.
‘’In addition to the restrictions on the use of club facilities and the reduced ability to generate revenue, the imposition of significant tax increases on jobs has substantially raised costs for what is already a loss-making business. This has been a major factor in the decisions we have had to make, as we work to protect the long-term future of the club.
‘’We understand the profound impact this will have on our young players, their families, and the wider community, and we are deeply sorry for the disappointment and disruption this decision will cause. However, if the club is to survive and continue as a vital part of our community, these difficult yet necessary actions must be taken.
‘’We sincerely thank everyone involved with the Academy for their unwavering commitment, effort, and support. Please rest assured that we remain dedicated to ensuring the club can weather these challenging times and emerge on a stronger footing for the future.
‘’Thank you for your understanding and continued support.’’
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