North Queensland Fury chief rubbishes folding claims

North Queensland Fury chief executive Rabieh Krayem if of firm belief that the A-League club will not fold.

North Queensland Fury chief executive Rabieh Krayem if of firm belief that the A-League club will not fold.

Recent reports suggest the Football Federation Australia-owned outfit will not be around for the 2011/12 season because the club is not yet in a financial position to renegotiate contracts with its players.

This Friday, all but one player on the Fury playing list comes off contract but the club is yet to receive a budget on which it can work from to re-sign players indicating that things may fall over in the not too distant future.

But Krayem has rubbished those claims saying the Fury are working towards financial stability and will definitely be in action next term.

"From the club's perspective, we are working towards locking in the financial viability of the club, which has been our charter from the start and we have not strayed from that," he told the Townsville Bulletin.

"Our commitment has always been that within the first six months we would work together with FFA in relation to putting together an exit strategy to the FFA ... to get the club back into community ownership.

"Nothing has changed from that timetable, there's been no distractions.

"We're not going to let a player that we want to keep leave our grasps.”