More on KentOnline
More on KentOnline
Herne Bay have played down fears that the club will be going into administration.
This arrives on the back of concerns raised in February surrounding serious financial problems at the club.
The future of the club was later thrown into doubt by an eye-opening statement announcing the resignation of co-managers John Embery and Jermaine Ellington.
The news follows a meeting on Tuesday evening where the directors discussed the plans moving forward with members of the Community Interest Company (CIC).
In a statement on the club website, secretary John Bathurst said: "I was delighted to be able to tell club members that the financial position of the football club has greatly improved and, contrary to rumours elsewhere, will NOT be going into administration.
"This is good news as neither the directors nor club members would wish the club to end its long tradition of football in the town. The number of positive suggestions for taking the club into the future in a constructive and positive way was encouraging and there are many suggestions put forward that can be worked on and, we trust, brought to successful fruition.
"On the playing side, we are optimistic about the future as well, having recently appointed a new first team manager, an exciting link with youth football and a successful Ladies section that will, for next season, also have a reserve team competing.
"These are exciting times as we take the football club into the future with fresh engagement with supporters, local business and the local community. We can now look forward with anticipation to the coming 2019/20 season."
Bay appointed former Gillingham and Leyton Orient coach Nick Gearing as their new manager on Saturday, with Anthony Deer having served as caretaker boss over the final six league games of the season.
