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RUFC - 'We'll break even'

RUFC - 'We'll break even'

Rotherham United Chairman, Tony Stewart, says the club will break even this year.

Mr Stewart spoke at the Millers' Trust Forum last week and admitted that his company accounts (ASD Lighting) showed that a 'significant' amount of money had been loaned to Rotherham United.

'Essentially it isn't a loan,' Mr Stewart told the fans, 'it can be written off in three years. The money was invested to get the club out of debt not into debt.

'Rotherham United broke even last year and there will be no working loss this year. There will be no worry about paying wages. This club will get better and more prosperous as we go forward.'

The gates at Don Valley seem to be dropping of late, which in the present climate and time of year, it's probably not surprising but Mr Stewart says there are new initiatives being planned to get extra people into the ground.

One of these is the 'bring a friend for a fiver' on Boxing Day which enables any season ticket holder to bring along two of his/her friends for £5 each. The club are also looking at doing a schools initiative at a fixture later on.

And of the new ground?

Well, Tony Stewart is attending a meeting on Monday which The Advertiser says is a 'giant stride' towards securing land for the new stadium. Mr Stewart himself said at the meeting last week that he hopes to have news about the ground for Christmas 'or maybe a week into the new year.'

Two weeks then . . .

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Click here to join in the debate on the club forum.

Writer:Herringthorpe
Date:Friday December 11 2009
Time: 9:00AM

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Comments

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If you are 'breaking even' and looking to sign off debts 'in three years' where will the money for a new ground appear from ? I ask from concern.
C T E
12/12/2009 01:07:00
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