We have been informed today that the Club has been found guilty of six charges by The Football Association and that, as a result, we are to be fined £25,000 plus £500 costs.
Whilst this sanction is really tough to take bearing in mind that the breaches of regulations occurred under a previous regime, the Club fully respects the process which has been completed by The FA.
To make it clear, all paperwork including the denial of charges was submitted prior to the change in ownership and it is to our regret that we had no control over proceedings.
We will take some time to consider the written details of the decision but would like to reassure the fans that this decision, whilst making us angry, will have no impact whatsoever on our ongoing recruitment drive or on the running of the Club.
Chairman Raj Singh and Club President Jeff Stelling have already committed significant funds in order to clear up the many issues that we inherited and this will be added to that list.
We are looking forward to finalising the clearing of all old issues and concentrating fully on building a very positive future for Pools and working to reward all supporters for their loyalty and commitment.
Once again, we would like to thank all supporters for their fantastic backing and all we ask is that you continue to get behind us so that together we can build a Club we can all be proud of.