Troubled Chariot asks partners for financial help

Chariot, organiser of online charities lottery monday, is trying to persuade its 70 charity partners to give "additional financial support" to pay for marketing the troubled venture.

The company declined to reveal how much it needs, but the request came as it raised an extra £2.59m through an urgent call for investment at a discounted share price. Last week, Chariot's board adopted a radically revised business plan in a bid to turn around poor ticket sales. The plan includes the departure of managing director Craig Freeman, chairman Tim Holley and administrative director David Gray.

Holley's replacement, Peter Jones, said he was confident the company's charity partners would provide support. "We are meeting next week to strike revised agreements," said Jones. "One or two have been critical, but we hope peer pressure will push them through."

Alan Gosschalk, director of fundraising at Shelter, a charity partner, denied charities were being asked to give money. "Charities won't be using existing funds to put into Chariot," he said.

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