UK time is: 10:29:16
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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.'




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

Join the Vital Fantasy Football League - its Free!

The Journalist

Writer: Herringthorpe  Mail feedback, articles or suggestions

Date:Friday September 28 2007

Time: 10:01AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Rotherham United Articles

RUFC - Morgs 'It's About Consistency' (Thursday October 23 2014)

RUFC - Ref Watch v Brighton (Thursday October 23 2014)

RUFC - View From The Opposition - Fulham (Thursday October 23 2014)

RUFC - Reserves Beat Donny (Wednesday October 22 2014)

Stats: Rotherham United v Fulham (Wednesday October 22 2014)

RUFC - Evans 'Jonson Big Player For Us' (Wednesday October 22 2014)

RUFC - Millers Boss Frustrated After Draw (Wednesday October 22 2014)

Millers And Fulham In Six Goal Thriller (Tuesday October 21 2014)

Millers v Cottagers Preview (Tuesday October 21 2014)

RUFC - Funds Available For New Players (Tuesday October 21 2014)

Archived Rotherham United Articles

List All Vital Rotherham Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. rybel_b 683
2. herringthorpe 562
3. sixpence 324
4. miller4life 70
5. mos60 41
6. nearlyataff 30
7. mvmiller 19
8. Millie Miller 19
9. axholme 15
10. nogginthenog 14

League Results (view all)

League Table (view table)

Team P W D L GD Pts
11. Blackburn 13 5 4 4 -1 19
12. Brentford 13 5 4 4 -1 19
13. Sheff Wed 13 4 6 3 0 18
14. Rotherham 13 4 4 5 -3 16
15. Leeds Utd 13 4 4 5 -3 16
16. Huddersfield 13 4 4 5 -6 16
17. Reading 13 4 3 6 -8 15

Breaking League News

Twitter Poll: No To Coyle
Birmingham : 23/10/2014 10:07:00
Birmingham Open Rowett Talks
Birmingham : 23/10/2014 10:00:00
Defensive loan targets - Part 1
Reading : 23/10/2014 10:00:00
Crosby Wants Birmingham Hot Seat
Birmingham : 23/10/2014 09:53:00
Did Neil Really Do Much Wrong Against Leeds?
Norwich : 23/10/2014 09:50:00

Current Site Poll (view all polls)

Do you prefer evening or afternoon football
Suggested By:  
Afternoon 79%
Evenings 7%
Any 14%