We don’t typically set any budget at £1.75m, this is the first budget this board have set! Our projected income is not £1.3m this season it in on track to be £1.9m. It is our outgoings that are 400k more than that.
Our first year down we turned over £2.1m, then COVID hit and turnover dropped to £1.1m. Last season it only jumped back up to £1.3m.
The Board took the view that they couldn’t get back to £2.1m in one jump so set a budget of £1.75m. However with the quality of the 14 players left over and the first bunch of new players it only gave a squad of 20. They then took the decision to add 150k to the playing budget and upped the income the budget to £1.9m which they are on track to hit currently so the trading loss is not 600k it is 400k. If you wish to check what I have just posted go to around 1hr 25min in. After you posted this I listened to it again to check what I thought I heard first time around.
On player sales they said they probably had some assets now but do not wish to sell as the squad needs to be strong.
To me it was a frank and open interview. They explained the rational in the email, admitted the tone of the paragraph didn’t come over well and apologised. It tells everyone where we are and what we need to do if we want fan ownership.
I don’t see this really as a begging bowl. It is about creating an ownership model that safeguards the club long term for the supporters. It is up to the fans now. They either want that or too many fans don’t. Sadly it doesn’t come for free and if fans want it they need to join FSS and contribute.