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Macclesfield Town have revealed they need £50,000 by the end of July to continue running after they ended last season £500,000 in debt.

Cheshire East Council have already handed the club £285,000 for the freehold of the Moss Rose ground.

Associate director Andy Scott says without those funds they were

The Silkmen recently announced they will become a Community Interest Company as they restructure the club.

At a it was stated that as well as the funds needed before the end of July they will also require another £50,000 by the end of August.

Following their relegation from League Two, which ended a 15-year stay in the Football League, Macclesfield finished 11th in the Conference Premier last season and also reached the fourth round of the FA Cup for the first time in their history.

However, manager Steve King was sacked towards the end of the campaign and John Askey and Efe Sodje were recently appointed as the new management team.

Former chairman Mike Rance and Andy Scott will be part of the new CIC board along with present owner Amar Alkadhi.