MOTHERWELL fans have been warned they must raise over £1million by the end of next month or risk seeing their club sold off.

The Well Society have been working towards meeting the £800k target set by former Fir Park chief John Boyle but have now been told that it will take far more than that amount to buy the club and provide financial security.

Motherwell have posted losses of £780,000 for the last two seasons and boss Stuart McCall has again seen his budget cut once again as attendances at Fir Park have failed to increase despite sustained success.

Boyle is still owed £360,000 and if the Society cannot raise enough money in a short time-frame, they have warned that ownership of the club may change in the near future.

A letter to members said: "It has become apparent in the past few weeks that the club potentially needs more financial security than the Well Society would be able to offer it, even with the soft loan. And it also became apparent that there was a real danger of the ownership of the club being lost to the local community for the first time.

"So, over the past two weeks there have been discussions among the club board, Well Society representatives, John Boyle and some prominent Motherwell-supporting business people who have agreed to help out the club.

"We are now seeking wider support to form a partnership that would give the club financial stability and prevent it being sold to outside interests.

"Together we have come up with a plan that, if successful, will do both things, but we need Motherwell supporters to come together and act quickly.

"Our plan would see the Well Society acquire John Boyle's shares if a consortium of interested parties can raise enough money to provide the club with financial security.

"The Well Society would then acquire 75% of the club's shares."