SWINDON Town Chairman Jed McCrory admits tough decisions have been made following the news that five players have been released following the end of the season, but long-term sustainability remains the key.
The club will be offering new deals to five players whilst Joe Devera, Raffaele De Vita, Simon Ferry, Tommy Miller and Chris Smith have been released.
McCrory offered his views on the player departures as well as transfer plans for the new season.
“Last season the club operated with a playing budget of £4.5million and that is simply not sustainable,” he said.
“We are currently running at a considerable loss each month, which we were aware of from the outset, but this cannot be rectified overnight.
“However funds and plans are in place to see the club through this period, as we work tirelessly towards a sustainable future across all areas of the business.
“As Chairman my responsibility and focus must be on the wider interests of Swindon Town Football Club.”
McCrory continued: “Despite some good players leaving the club we are very excited about next season.
“The manager feels he still has a good side with some excellent young players, and with a few quality additions, which we are already working on, we feel we can be challenging again at the right end of the table.”
McCrory added his thanks to the fans for their continued support and loyalty.