Morton Club Together have released a statement to ease fears surrounding the financial health of the Cappielow club after days of confusion.

Former manager David Hopkin was alleged to have been paying players wages, the Crystal Palace icon resigning last week before the game against Dunfermline. Then reports emerged that the club could go to the wall with wages for December a problem.

The Cappielow club were under threat. (Photo by Colin McPherson/Corbis via Getty Images)

MCT are due to complete a takeover of the club next year and have addressed a few issues. On Hopkin’s payment of players, the group say that if the former Crystal Palace and Chelsea man was doing that, the club weren’t aware.

“We would like to share with you what we know,” it begins. “If David Hopkin was paying players money directly, he was doing so without the knowledge of the football club’s Board.  Greenock Morton has never failed to pay players contracted wages.

“In addition, player meals were one of the necessary budget cuts made at the beginning of the season as part of the cost-cutting efforts to ensure the survival of the club. The players took the decision that they would chip in and keep the team meals going.

The Crystal Palace icon has carried a financial load.

The Crystal Palace icon has carried a financial load. (Photo by Ross Parker/SNS Group via Getty Images)

“If David Hopkin was subsidising this, it was through his own choice. The playing and coaching staff were asked to reduce their wages this year to assist the club. All players agreed to do this. They are a credit to Morton.

“Despite the budget cuts, the club put together a budget which allowed the signing of a first team squad of 22 players.  We have noted comments that it was due to budget constraints that we only have one first team keeper, but it is clear that with a squad of 22, two goalkeepers could have been accommodated. ”

After worrying reports claimed Morton could go to the wall, MCT have also alleviated these fears: “We want to assure fans that, as far as MCT are aware, the club is not on the brink of going into administration.

Greenock Morton v Partick Thistle - Ladbrokes Championship

Morton aren’t in danger. (Photo by Rob Casey / SNS Group via Getty Images)

“As outlined last week in our statement, the financial situation is certainly difficult right now, and the next few months are going to be tough, but everyone is working tirelessly to ensure the club is in as positive a position as possible.

“Despite what you may have read in the press and on social media, the club has a credit balance in the bank and is currently in no danger of administration. MCT has been assured by the Rae family and Golden Casket that they will continue to underwrite the financial security of the club until the end of the season. Any comparison with the stewardship of Hugh Scott is both inaccurate and deeply offensive.”

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