Rotherham United - RUFC - 'Finances Are Tight'
UK time is: 17:23:40
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

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. herringthorpe 107
2. sixpence 64
3. mvmiller 8
4. mos60 6
5. Marky79 3
6. zipadeedoodah 2
7. nogginthenog 1
8. miller4life 1

League Results (view all)

League Table (view table)

Team P W D L GD Pts
18. Huddersfield 10 2 4 4 -4 10
19. MK Dons 10 2 2 6 -5 8
20. Brentford 10 2 2 6 -7 8
21. Rotherham 10 2 2 6 -7 8
22. Bolton 10 1 5 4 -7 8
23. Preston 10 1 4 5 -6 7
24. Bristol City 10 1 4 5 -8 7

Rotherham United  Fixtures (view all)

Breaking League News

Stephens Delight As Albion Hope For LuaLua Boost
Brighton : 06/10/2015 16:59:01
RUFC - Black Has Full Week Planned For Players
Rotherham : 06/10/2015 15:38:01
Wednesday Winger Wallace Scoops PFA Award
Sheff Wed : 06/10/2015 14:26:00
Why Mr Mick Is Coming In For Stick
Ipswich : 06/10/2015 13:35:00
Should Maghoma Start?
Birmingham : 06/10/2015 12:49:00

Current Site Poll (view all polls)

Would You Like A Former Millers Player As The New Manager?
Suggested By:  
Yes, I've no problem with that 80%
No, let's get someone new to the club 0%
Not Sure 20%