☺East-Sard☺ wrote:Poor outlook
Sport is a business now and we naturally have to break even - wipe our face to borrow a Hudge term.
Our directors don't have a bottomless pit of money so eventually we have to become self efficient.
Our losses are going in the right direction though but shouldn't be just brushed aside that they don't matter.
On the positive side, the loss is £47k less than the previous year. When added to the fact this year attendances have held up, and cost-cutting activities are in place according to the accounts, coupled with the salary cap savings on Mason and Cockayne and increased merchandise sales from "box office" Mason's arrival, perhaps breakeven for 2011 is on the cards. You'd imagine that is the target.
Looking over a longer time horizon, Rovers have lost £2.1m since 2003. The challenge is to get to a sustainable breakeven model for the time (eventually) when Hudgell and co may wish to step down and a buyer is sought. The route to this as previously discussed is to a) get the ground extended and b) to fill it.