"proof of funding" is a correct and usable phrase in written English.
You can use it when referring to evidence of adequate financial resources, such as bank statements or a letter of credit. For example: "The bank required proof of funding before approving our loan application."
The trio have provided club chairman David Somers with proof of funding.
Morgan, the multi-millionaire owner of North-West house building firm Redrow, said that he is even willing to talk to potential new investors - alluding to an approach a couple of years ago that subsequently "disappeared in a puff of smoke" when asked for proof of funding.
"Bidder 4 was provided with a final opportunity to provide proof of funding but this deadline passed and as such, in the absence of any other viable going concern offers, the joint administrators had no alternative but to announce the managed wind down of the business," the administrator said.
The licence has been granted, a long-term business plan and proof of funding vetted and now City of Angels FC – the latest addition to the growing football scene in Los Angeles – has until the start of the National Premier Soccer League season in March to finalise terms on a stadium, appoint a director of football and construct its first team.
The three groups bidding for Hearts have all submitted proof of funding to the club's administrator.
"It's all about proof of funding, whether they have the wherewithal to conclude the sale and to run the club".
You'll have to "present to the American consul, proof of sufficient funding for the duration of your stay," but your funding status is just one aspect of coming to the States.
"Proof of funds is the first thing the board needs to establish.
It has, though, deducted its charges and demanded "proof of funds".
"The idea is based on fans investing in the club through a number of financial opportunities which will be held by a local solicitor in an escrow account to demonstrate to Ashley that the fans have proof of funds.
But that deal also failed to materialise due to Machala's requirements for proof of funds, with Aldershot on Tuesday night confirming they were seeking restructuring advice after an urgent board meeting.
