Finances

[Al Yellow 0]

Interesting numbers in the financials. Club £18.1mio in debt and a loss of £3.3mio in the last financial year. Hopefully some of this is due to one off costs, the new stand, adding to the debt whilst the reduced capacity acted as a brake on revenue. Extra costs in bonus payments are also in there. The club say that the financials reflect the costs of promotion but not the benefits however I think we shouldn''t run away with the view that this season will put us on an even keel financially particularly if we splash the cash in Jan. Simply put we have a large debt which must be serviced and the club are looking to the long term future, I''m pretty sure that £1.2mio really is the budget ...... should be interesting