Vital Football

Latest Rotherham United News

RUFC - Where has all the money gone?

RUFC - Where has all the money gone?

Rotherham United Chairman, Denis Coleman has told David Beddows of The Advertiser that 'everything that could go wrong has gone wrong.'

If paying the huge rent on Millmoor and the players wages wasn't enough, there have been costs, that couldn't have been calculated for, which include:

£200,000 flood damage cost after insurance
£90,000 compulsory upgrades to the Youth training facilities
£30,000 for re-wiring at Millmoor
£19,000 for a new turnstyle monitoring system
£5,000 for a new boiler

The lease the current Board inherited when taking over at Millmoor says they are responsible for all repairs and £240,000 was spent on ground repairs last season.

The TV money the club got for the cup tie against Sheffield Wednesday was gone within a week because the turnstyle system failed.

If facilities at the Youth training ground hadn't been upgraded then the Youth training funding would have stopped. The Youth funding is £138,000 which leaves a shortfall most seasons of between £80,000 and £90,000.

Rigid cost cutting at the club actually means the club did make a small profit in the last financial year. Mr Coleman says, 'when we took over the club was losing, what equates to, £1.8 million a year. We did a CVA and got rid of the debt but not the costs. We've cut everything to the bare minimum and there is no part of the club we haven't been through to see if we can make any cost savings. But, we have gone as far as we can.

'As all football clubs at this level the burden of player salaries is a hefty one but if you cut your team budget by too much then you are in a Catch 22 situation. We could cut wage costs and sit in the bottom of the division or go into the Conference but that would be disastrous. But the largest single cost is the rent.'

Writer:Herringthorpe
Date:Friday February 22 2008
Time: 9:01AM

Comments

0
2OOK AFTER INSURANCE ???????? WHY WERE THESE COSTS NOT MET BY THE INSURANCE ???? ME PUZZELLED ????????
MILLERS1884
22/02/2008 14:17:00
0
I presume you have to pay the first so much yourself, but that is only a guess
herringthorpe
22/02/2008 21:39:00
Page 1/1
  1. 1

Login to post a comment

Best of Vital Network

Recent Rotherham United Articles

RUFC - Pen Pics - Kirk Broadfoot

A quick look at our big number 5

RUFC - Sunday Afternoon Rumours

And they are about strikers . . . .

Top Championship Google Searches 2016/17

Newcastle United topped Google searches for 2016/17 with Aston Villa following in second place, but which other clubs featured in the top ten.

RUFC - Diving In Football

Is the new rule for 'divers' right?

Archived Vital Rotherham Articles

Vital Rotherham articles from

Site Journalists

Herringthorpe
Editor email
Profile
baldtobeamiller
no email
Profile

Current Poll (see more polls)

Who Will Win The Championship Play-Off
Suggested By:
Huddersfield Town51%
Reading48%

League Table

# Team P W D L Pts. GD
C Newcastle 46 29 7 10 94 45
P Brighton 46 28 9 9 93 34
3 Reading 46 26 7 13 85 4
4 Sheff Wed 46 24 9 13 81 15
5 Huddersfield 46 25 6 15 81 -2
6 Fulham 46 22 14 10 80 28
7 Leeds Utd 46 22 9 15 75 14
8 Norwich 46 20 10 16 70 16
9 Derby County 46 18 13 15 67 4
10 Brentford 46 18 10 18 64 10
11 Preston 46 16 14 16 62 1
12 Cardiff 46 17 11 18 62 -1
13 Aston Villa 46 16 14 16 62 -1
14 Barnsley 46 15 13 18 58 -3
15 Wolves 46 16 10 20 58 -4
16 Ipswich 46 13 16 17 55 -10
17 Bristol City 46 15 9 22 54 -6
18 Q.P.R. 46 15 8 23 53 -14
19 Birmingham 46 13 14 19 53 -19
20 Burton 46 13 13 20 52 -14
21 Forest 46 14 9 23 51 -10
R Blackburn 46 12 15 19 51 -12
R Wigan 46 10 12 24 42 -17
R Rotherham 46 5 8 33 23 -58
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Rotherham United  Results (view all)

Rotherham United  Fixtures (view all)

Vital Members League Table

RankNamePoints
1.herringthorpe246
2.sixpence101
3.Chris Maiden46
4.Tony Kidding44
5.mos6015
6.mvmiller9
7.nogginthenog6
8.Millie Miller6
9.miller4life4
10.axholme4
Vital Football Comment