IN the wake of this week's announcement of a financial crisis at the club Grays Athletic have parted company with first team coaches Neil Smith and Tim O'Shea.

Chairman Mike Woodward, said: "I would like to thank both Neil and Tim for their professionalism while at Grays Athletic.

"They understand the financial situation that the club currently find themselves in and have decided to seek other opportunities, both coaches have been fantastic to work with and have been an asset to the team, I would like to take this opportunity to wish them both the very best for their future."

Midfielder Mark Molesley has left the club to join League Two AFC Bournemouth on loan until January 1.