Post by Deleted on Jan 8, 2004 17:23:55 GMT 1
CCFC are losing a report £65K per month...ouch
>>PROMOTION AT ALL COSTS
DAVE BURFORD today revealed the extent of Chester City’s losses.
The club’s general manager confirmed that Chester chairman, Stephen Vaughan, had written an article detailing the club’s financial deficit in Saturday’s match programme.
Burford said: “Stephen Vaughan has written about the dangers of complacency and the importance of success in his programme notes.
“Stephen is keen to see Chester win this season’s FA Trophy and clinch promotion back into the Football League.
“Prize money in the FA Trophy can result in £200,000 after television cash and gate receipts.
“Many people think football and business are two very different things, but football is a business.
“It’s vitally important that we win Saturday’s FA Trophy tie against Halifax and go on to win the title because of the finance at stake.”
Vaughan confirms in Saturday’s match programme that Chester are operating with average monthly trading losses of £65,000.
He said: “Our success during the festive period has been down to a true team effort.
“But we can’t afford to become complacent and we must remain positive and focussed on the big job we still have to do.
“Our fans have a huge part to play in supporting our hoped-for success.
“Our home attendances over Christmas averaged more than 2,800, with 1,700 travelling to Leigh RMI on New Year’s Day.
“I am aware that some people have been critical about the club leaving admission prices the same as our league fixtures for Saturday’s match, and for that reason they may decide to stay away, along with those who feel that the competition is not important enough to support.”
Vaughan adds: “But the facts are very simple – a good cup run is vital to this club.
“A successful campaign which includes victory in the FA Trophy could earn us revenue in the region of £200,000.
“I can’t consider that sort of money insignificant, and that kind of revenue is critical to Chester City Football Club.
“Despite Vaughan Trading’s £2.3 million investment to date, the club still operates with average monthly trading losses of £65,000 on its total trading turnover, which Vaughan Trading has to underwrite on an on-going basis.
“This is a huge deficit and reducing the losses is essential for the long-term stability and future of the club.
“Our financial losses are too high and we have to act collectively now.
“The easy option would be to cut expenditure and settle for mid-table mediocrity, but to give our manager the best chance of challenging for promotion money is the key.
“Every additional fan that comes through the turnstiles makes a difference. Our supporters’ continued backing in numbers is vital.
“We know we can fill the Deva Stadium as recent big fixtures have shown. I just hope everybody in the area stays with us in what we all hope will be an historic season for the club.”
City will take on Halifax in Saturday’s match without left-sided midfielder, Kevin McIntyre, who serves the second of his two-match suspensions.<<
>>PROMOTION AT ALL COSTS
DAVE BURFORD today revealed the extent of Chester City’s losses.
The club’s general manager confirmed that Chester chairman, Stephen Vaughan, had written an article detailing the club’s financial deficit in Saturday’s match programme.
Burford said: “Stephen Vaughan has written about the dangers of complacency and the importance of success in his programme notes.
“Stephen is keen to see Chester win this season’s FA Trophy and clinch promotion back into the Football League.
“Prize money in the FA Trophy can result in £200,000 after television cash and gate receipts.
“Many people think football and business are two very different things, but football is a business.
“It’s vitally important that we win Saturday’s FA Trophy tie against Halifax and go on to win the title because of the finance at stake.”
Vaughan confirms in Saturday’s match programme that Chester are operating with average monthly trading losses of £65,000.
He said: “Our success during the festive period has been down to a true team effort.
“But we can’t afford to become complacent and we must remain positive and focussed on the big job we still have to do.
“Our fans have a huge part to play in supporting our hoped-for success.
“Our home attendances over Christmas averaged more than 2,800, with 1,700 travelling to Leigh RMI on New Year’s Day.
“I am aware that some people have been critical about the club leaving admission prices the same as our league fixtures for Saturday’s match, and for that reason they may decide to stay away, along with those who feel that the competition is not important enough to support.”
Vaughan adds: “But the facts are very simple – a good cup run is vital to this club.
“A successful campaign which includes victory in the FA Trophy could earn us revenue in the region of £200,000.
“I can’t consider that sort of money insignificant, and that kind of revenue is critical to Chester City Football Club.
“Despite Vaughan Trading’s £2.3 million investment to date, the club still operates with average monthly trading losses of £65,000 on its total trading turnover, which Vaughan Trading has to underwrite on an on-going basis.
“This is a huge deficit and reducing the losses is essential for the long-term stability and future of the club.
“Our financial losses are too high and we have to act collectively now.
“The easy option would be to cut expenditure and settle for mid-table mediocrity, but to give our manager the best chance of challenging for promotion money is the key.
“Every additional fan that comes through the turnstiles makes a difference. Our supporters’ continued backing in numbers is vital.
“We know we can fill the Deva Stadium as recent big fixtures have shown. I just hope everybody in the area stays with us in what we all hope will be an historic season for the club.”
City will take on Halifax in Saturday’s match without left-sided midfielder, Kevin McIntyre, who serves the second of his two-match suspensions.<<