HARTLEPOOL United have experienced League One and Two players in the “pipeline” ready to help save the club from relegation, says chief executive Russ Green.
New owners TMH 2014 have pledged to invest in the side under manager Ronnie Moore and Green said the club is ready to move when the January Transfer Window opens on the 1st.
Green, who praised former owners IOR for their 17 year spell in charge, also confirmed relegation out of the Football League would cost the club £750,000.
“The season’s been pretty dire so far but we’ve still got belief,” said Green.
“But we know it’s a big, big drop if we go down – bigger than from the Premier League pro rata.
“There is a parachute payment but it’s not as good as the Premier League’s, it is a bit more complicated than that.
“I think relegation would cost this club about £750,000 – our turnover is £3m.
“We wanted to get this [deal] done now so that we’re ready to go in the window on January 1st, not January 15th.
“We have players in the pipeline, experienced League One and League Two players to get us out of this mess.”
TMH 2014 is a new company set up just over a week ago with the sole purpose of buying Hartlepool United.
The sale was agreed in less than two weeks and under new chairman Peter Harris the future looks bright for Pools moving forward.
Green added: “I knew TMH through a mutual friend at the Football League who’d had dealings with them and I knew they’d try to get another club.
“It has been pretty quick but speed was paramount.
“The objective was to get someone in for January to kick on.
“The Blyth Spartans FA Cup match wasn’t a tipping point, not really.
“We knew we needed extra investment and we’d been looking for two years.
“The big sticking point with the [previous] chairman was that we don’t own the ground.
“The council do and we know they don’t want to build on it, but we can’t do what we want.
“We think we could make this a seven-day-a-week operation, we could build a new away stand and a hotel behind it – these are the kinds of things we’re thinking about.
“The new owners will go to see the council but the priority is to stay up.”
Green said the drop in oil prices had affected the level of investment the previous owners IOR were willing to put in but he praised ex-chairman Ken Hodcroft for the seamless transition process.
“IOR had been here 17 years and they’ve invested heavily in the club for those 17 years,” added Green.
“But the oil industry is not what it was, and, it sounds silly, but we’re affected by that.
“Oil prices have dropped big-style.
“IOR have been brilliant and saved the club but after 17 years we’ve come to a crossroads.
“That is a long time to be at the club but we knew this new investment would give us impetus at a vital stage of the season.
“These men were available and we got it done fairly quickly.
“The transition has been very quick, very professional and I phoned the [outgoing] chairman to thank him for that.
“The new owners have been very impressed.
“Everything has been transparent.”