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

RUFC - Tuesday Lunch Time Rumours

Millers linked with second Saddler

RUFC - A Look Back At Last Season - November

What was happening with the Millers in November . . . .

Are Players Set For A Football Exit?

With the country narrowly voting to leave the European Union in Thursday's Referendum, there are certainly plenty of real questions that have to be addressed in terms...

RUFC - Monday Evening Rumours

Millers have bid rejected for striker?

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 Be The New England Manager
Suggested By:
Gareth Southgate1%
Alan Shearer0%
Harry Rednapp0%
Alan Pardew16%
Big Sam Allardyce50%
Glen 'stating the bl**d*ng obvious' Hoddle0%
Some Foreigner0%
Neil Warnock33%

League Table

# Team P W D L Pts. GD
C Burnley 46 26 15 5 93 37
P Middlesbrough 46 26 11 9 89 32
3 Brighton 46 24 17 5 89 30
4 Hull City 46 24 11 11 83 34
5 Derby County 46 21 15 10 78 23
6 Sheff Wed 46 19 17 10 74 21
7 Ipswich 46 18 15 13 69 2
8 Cardiff 46 17 17 12 68 5
9 Brentford 46 19 8 19 65 5
10 Birmingham 46 16 15 15 63 4
11 Preston 46 15 17 14 62 0
12 Q.P.R. 46 14 18 14 60 0
13 Leeds Utd 46 14 17 15 59 -8
14 Wolves 46 14 16 16 58 -5
15 Blackburn 46 13 16 17 55 0
16 Forest 46 13 16 17 55 -4
17 Reading 46 13 13 20 52 -7
18 Bristol City 46 13 13 20 52 -17
19 Huddersfield 46 13 12 21 51 -11
20 Fulham 46 12 15 19 51 -13
21 Rotherham 46 13 10 23 49 -18
R Charlton 46 9 13 24 40 -40
R MK Dons 46 9 12 25 39 -30
R Bolton 46 5 15 26 30 -40
Latest F1 News
Latest Vital Boxing News

Recent Rotherham United  Results (view all)

Rotherham United  Fixtures (view all)

Vital Members League Table

RankNamePoints
1.herringthorpe300
2.sixpence169
3.Tony Kidding18
4.mos6011
5.mvmiller7
6.mellowmiller3
7.axholme3
8.michael larkin2
9.zipadeedoodah1