Woking: National League team facing administration, admits owner Drew Volpe
Woking’s owner has said the National League club will go into administration if a buyer cannot be found in the next few weeks – and he is willing to sell for £1.
A £600,000 loan from owner Drew Volpe’s parents has given the Cards a lifeline to begin the new season next month.
Speaking to BBC Radio Surrey, Volpe revealed he had invested “over £3.425m” in the club since taking over in 2021.
When asked if the club would now be in administration without the loan from his parents, Volpe said: “Yep, 100%”.
“The bottom line is I’m not made of money, so I couldn’t keep on doing this for a fourth year straight,” he added.
“Between tax stuff, insurance, some other liabilities, the numbers add up real fast – to a scary, scary degree.
“Once it’s in your veins it’s hard to stop, you want to keep chasing that promotion – but I realise now I can’t keep doing it. I don’t want to be eating out of a dumpster outside of my apartment.”
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