Cheltenham Town chairman Paul Baker last night moved to reduce fears that the club were on the brink of entering a period of financial crisis.

Concerns regarding the financial position at Whaddon Road heightened yesterday after it emerged that the players will not receive their wages on Monday.

The chairman, however, insisted that full payments will be made on Tuesday after gate money from today’s clash with Hereford is banked.

He went on to explain that  the failure to pay was the result of a temporary cash flow problem following a spate of recent postponements and that the development had no serious implications with regards to the long-term future of the club.

He said: “We have suffered a temporary cash flow problem because of the amount of games we have had postponed recently, but we are managing the situation.

“I would be worried if we didn’t have the money to pay the players at all. I would like to stress that this problem has no bearing whatsoever on the long-term financial picture at the club.

“We are not worried about it, people are probably making too much of the situation and worrying unnecessarily.  These sorts of cash flow issues arise from time-to-time during periods of economic recession.”

Baker denied that the players had been asked to defer all win bonuses and other add-on related monies until the end of the season and insisted the current problems were in “no way” related to the departure of multi-million pound director Simon Keswick last month.

Cheltenham are exploring other ways to make cutbacks in the financially challenging economic climate.

The Daily Press understands that some of the issues under review include the possibility of  discarding the reserve team set-up, cutbacks in youth department expenditure and a  move away from the current training ground next season.