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Last Updated: Wednesday, 27 February 2008, 09:43 GMT
Crewe board facing AGM questions
Crewe Alexandra's board of directors are bracing themselves for a hard time at the club's annual general meeting on Thursday evening.

Some tough questions are expected to be asked by fans and shareholders regarding the clubs finances.

Supporters want to know why the club have not invested in new players despite receiving a number of large transfer fees.

Crewe are currently languishing in the relegation zone in League One.

The club's struggle this season is in stark contrast to three years ago when they were top of the Championship.

But the sale of Dean Ashton to Norwich for �4m began their decline and the Railwaymen were relegated to League One in 2005/06.

The Alex's accounts for last season show them to have lost �38,294 despite selling strike Luke Varney to Charlton Athletic for �2m in May.

In particular fans will also be looking for an explanation on changes to Crewe's corporate structure which saw the formation of three new companies a year ago.

One of those - Crewe Alexandra Developments Ltd - was handed an unsecured loan of �1.325m. At the end of the financial year, �1.2m remained outstanding. A further �700,000 loan was re-paid in full by major shareholder Norman Hassall's company European Brand Trading.

The AGM will begins at 7.30 in the Carlsberg Lounge. All fans are welcome to attend.



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