Profit & Loss Reserves
We have had an amazing four years since the Couhigs got our vote in 2019 and I am excited to see so many of our great players sign up for next year, however we are spending a lot more than we are earning.
Profit & Loss Reserves stood at -6.8M in June 2022. If our turnover and spend remains the same over this season and next season the Profit & Loss Reserves will be standing at around -12M by the end of next season.
For me this is very concerning and the club is not being run sustainably which was one of Robs USP’s when the vote went his way back in 2019.
Unless Rob and his family are willing to cover these debts we are heading towards a huge black hole and potentially a much larger one than we had with Steve Hayes.
Its the same old problem, do we continue to overspend to chase the dream of Championship football or do we try and be sustainable and look forward to League 2 football?