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

Stats: Rotherham United v Birmingham City

All the stats from Rotherham United (0) vs (0) Birmingham City, New York Stadium , 13 February 2016 3.00pm Att: 11,018 (2,614 Blues Fans)

RUFC - Halford Gets A Chance

Millers Boss gives defender a chance

RUFC - Warnock 'Neither Deserved To Go'

Millers Boss didn't think either of his red carded players should have gone

RUFC - New Boss Enjoyed Today

Warnock happy with point

Archived Vital Rotherham Articles

Vital Rotherham articles from

Site Journalists

Herringthorpe
Profile
baldtobeamiller
Profile

Current Poll (see more polls)

Sixteen Games To Go - How Many Millers Wins Will There Be
Suggested By:
12-167%
8-1130%
4-755%
3 or less8%

League Table

# Team P W D L Pts. GD
1 Hull City 30 18 5 7 59 28
2 Middlesbrough 29 17 6 6 57 23
3 Burnley 31 15 11 5 56 22
4 Brighton 30 15 11 4 56 10
5 Sheff Wed 31 14 11 6 53 16
6 Derby County 31 13 12 6 51 13
7 Birmingham 31 13 9 9 48 8
8 Ipswich 31 13 9 9 48 1
9 Cardiff 31 11 13 7 46 5
10 Forest 31 10 12 9 42 4
11 Preston 31 10 12 9 42 0
12 Wolves 31 10 10 11 40 -2
13 Brentford 31 11 7 13 40 -6
14 Q.P.R. 31 9 12 10 39 -1
15 Reading 31 9 10 12 37 0
16 Leeds Utd 30 8 12 10 36 -5
17 Huddersfield 31 9 8 14 35 -2
18 Fulham 30 7 11 12 32 -3
19 Blackburn 29 6 13 10 31 -2
20 MK Dons 31 8 7 16 31 -17
21 Bristol City 31 7 10 14 31 -21
22 Rotherham 31 7 5 19 26 -19
23 Charlton 31 5 10 16 25 -30
24 Bolton 31 4 12 15 24 -22
Latest F1 News
Latest Vital Boxing News

Rotherham United  Fixtures (view all)

Feb 20 2016 3:00PM : Burnley (a)
Sky Bet Championship
Feb 23 2016 8:00PM : Reading (a)
Sky Bet Championship
Feb 27 2016 3:00PM : Brentford (H)
Sky Bet Championship
Mar 5 2016 3:00PM : Sheffield Wednesday (a)
Sky Bet Championship
Mar 8 2016 7:45PM : Middlesbrough (H)
Sky Bet Championship
Mar 12 2016 3:00PM : Derby County (H)
Sky Bet Championship

Recent Rotherham United  Results (view all)

Vital Members League Table

RankNamePoints
1.rybel_b531
2.herringthorpe497
3.sixpence156
4.mos6071
5.mvmiller19
6.Marky7918
7.Millie Miller14
8.miller4life9
9.axholme9
10.nogginthenog5