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Post by Zos on Feb 7, 2020 14:35:53 GMT
Kieran Maguire of the Price of Football reports: 'Forest Green Rovers publish full, audited accounts for 2018/19. [Many clubs do not using an exemption route for smaller firms]. Revenue 2.6% but profits of £308k turn to loss of £797k partly due to collapse of Doidge sale to Ken Anderson’s Bolton. Total losses clocked up by Forest Green Rovers over the years now £13.5 million.'
Forest Green Rovers get half of their income from commercial sources, majority of which seems to come from parent company Ecotricity, who the club owes over £6m. Forest Green Rovers wage bill up 11% and wages 74% of revenue.
The clubbought players for £158k but no sales in 2018/19 following collapse of Doidge move. They recently bought a player from non-league Leamington for a rumoured £50k.
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Post by Deleted on Feb 7, 2020 14:40:42 GMT
Yeah, the Bolton/Doidge fiasco hit the club hard financially last year (about £1,000,000).
We need to give players longer contracts, that way we recoup more when they come good, and we sell them on... Suppose the risk there is though, if they don't come good, you're stuck paying their wages whilst their contract runs down.
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