by MellowYellow » 29 Aug 2019, 21:42
Plainmoor78 wrote: 29 Aug 2019, 20:31
Very good point. It is up to all clubs to live within their means.
Within their means? you mean like Torquay Utd's six-figure operating losses – £542,000 (2013-14), £646,000 (2014-15) and £337,000 (2015-16).. 2016-2017 United spent £303,733 more than they earned. And then the 2017/18 season - relegation to regional football. - that saw of loss of £959,000, one of the largest in the club's history. The recent losses being covered by loans from our Chairman. I would like to think our promotion year losses will not be so drastic, so wait on baited breathe.
Its hard for lower league clubs, like ours, to live within their means unless there are other revenue streams as Clarke Osborne has told us - I believe him, support his vision for the club's future and even grateful for him keeping his promises to date - I just wish I could trust him. For anyone who thinks we can just plod-on as we are at Plainmoor - take a look at the accounts over the last decade and you will find the answer is we can't. Hate to say it but we are very reliant on Clarke Osborne keeping us afloat. If he abandons ship and we sink without trace, no matter, our ship has be leaking badly for many a year and it was only a matter of time.
[quote=Plainmoor78 post_id=242686 time=1567110712 user_id=23804]
Very good point. It is up to all clubs to live within their means.
[/quote]
Within their means? you mean like Torquay Utd's six-figure operating losses – £542,000 (2013-14), £646,000 (2014-15) and £337,000 (2015-16).. 2016-2017 United spent £303,733 more than they earned. And then the 2017/18 season - relegation to regional football. - that saw of loss of £959,000, one of the largest in the club's history. The recent losses being covered by loans from our Chairman. I would like to think our promotion year losses will not be so drastic, so wait on baited breathe.
Its hard for lower league clubs, like ours, to live within their means unless there are other revenue streams as Clarke Osborne has told us - I believe him, support his vision for the club's future and even grateful for him keeping his promises to date - I just wish I could trust him. For anyone who thinks we can just plod-on as we are at Plainmoor - take a look at the accounts over the last decade and you will find the answer is we can't. Hate to say it but we are very reliant on Clarke Osborne keeping us afloat. If he abandons ship and we sink without trace, no matter, our ship has be leaking badly for many a year and it was only a matter of time.