Vital Football

Latest Rotherham United News

RUFC - 'Finances Are Tight'

RUFC - 'Finances Are Tight'

Rotherham United Chairman, Denis Coleman has told The Advertiser that, although finances are tight, they are probably the best they have ever been and that Rotherham United are probably one of the only football clubs in the country that are in the black.

When Mr Coleman and the board took over the club it was losing £1.8m per year but, by the end of the financial year in May, the projections show that they will have balanced the books.

'We are not breaking even on a weekly basis,' the Chairman said, 'but, you get Sponsorship deals and Football League money throughout the year. If we can get the gates up then we will be in a healthier position but the gate sizes don't pay half of what we need in this club. We have taken a pessimistic view on the gate sizes and budgeted accordingly.

'At the beginning of last year this club had debts of several hundred thousands racked up, was losing £140,000 per month and was days away from going into liquidation.

'We simply had to attack it the best way we knew how which, in our case, was looking at the excess costs and trying to reduce them while working as hard as we could to try and increase the income and revenue.

'We haven't always got it right and there are untapped streams of income we should have got into which we haven't but the facilities here hold us back and, due to legal reasons, we can't make the most use of them.

'One of the biggest issues is wages and we realised early on that football clubs lose money by gambling on players' wages. The manager and I sat down and worked a budget out and we have stuck to it as closely as we can.

'I am sure most of the supporters know what we inherited here and that we are working the best we can to stabilise the club.'



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

Join the Vital Fantasy Football League - its Free!

Writer:Herringthorpe
Date:Friday September 28 2007
Time: 10:01AM

Login to post a comment

Recent Rotherham United Articles

More Reliable Than A Championship Octopus? (20/1/17)

A new season and finally a new special computer crunching the numbers to determine the final Championship positions for 2016/17.

RUFC - Warne Happy To Get 'Keeper In

But admits he's not as close as he'd like to be to another signing

RUFC - Warne 'I'll Help Allan All I Can'

Warney says midfielder is 'great on the ball'

RUFC - Warne Says Yates Deserved His Chance

Warney says Jerry Yates is a hard worker

Archived Vital Rotherham Articles

Vital Rotherham articles from

Site Journalists

Herringthorpe
Editor email
Profile
baldtobeamiller
no email
Profile

Current Poll (see more polls)

How Many Players Will We Bring In During The January Window
Suggested By:
One21%
Two27%
Three40%
Four4%
Five or more8%

League Table

# Team P W D L Pts. GD
1 Brighton 26 17 6 3 57 24
2 Newcastle 26 18 1 7 55 29
3 Leeds Utd 26 15 3 8 48 11
4 Reading 25 14 4 7 46 3
5 Huddersfield 26 14 4 8 46 0
6 Sheff Wed 27 13 6 8 45 5
7 Derby County 26 11 7 8 40 5
8 Fulham 25 10 9 6 39 13
9 Preston 26 11 6 9 39 3
10 Barnsley 26 11 5 10 38 4
11 Norwich 26 11 4 11 37 3
12 Birmingham 26 9 9 8 36 -5
13 Aston Villa 26 8 11 7 35 1
14 Ipswich 26 9 7 10 34 -3
15 Brentford 26 9 6 11 33 0
16 Wolves 26 8 8 10 32 -1
17 Q.P.R. 26 9 5 12 32 -11
18 Cardiff 25 8 6 11 30 -10
19 Bristol City 26 8 3 15 27 -3
20 Forest 26 7 6 13 27 -8
21 Burton 26 6 7 13 25 -10
22 Blackburn 26 6 6 14 24 -12
23 Wigan 26 5 7 14 22 -9
24 Rotherham 26 4 4 18 16 -29
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)

Jan 21 2017 3:00PM : Newcastle United (a)
Sky Bet Championship
Jan 28 2017 3:00PM : Barnsley (H)
Sky Bet Championship
Jan 31 2017 7:45PM : Nottingham Forest (a)
Sky Bet Championship
Feb 4 2017 3:00PM : Bristol City (a)
Sky Bet Championship
Feb 11 2017 3:00PM : Blackburn Rovers (H)
Sky Bet Championship
Feb 14 2017 7:45PM : Huddersfield Town (H)
Sky Bet Championship

Vital Members League Table

RankNamePoints
1.herringthorpe293
2.sixpence206
3.mos6061
4.Millie Miller18
5.mvmiller17
6.axholme17
7.miller4life14
8.Marky7912
9.nogginthenog11
10.swanleygill6
Vital Football Comment