The club made an operating profit in the last financial year but it now seems likely that a substantial loss will be recorded as a result of this season’s performance.
Income in February came from only one home gate (v Dundee United) and from a quarter share of the CIS Cup semi finals. Given that only 27000 spectators turned up between the two semis and that the expenses of Hampden and Easter Road had to be settled, there would remain little for the
Our league position gives little room for encouragement either. We still have a chance of reaching the top half by the split but it would take a fairly desperate punter to risk his last fiver on us. The prospect of visits from a doomed Livingston or a desperate Falkirk or
At the recent AGM John Boyle said, “We are in good financial order, given that we budget for a £400k loss if we finish 11th and are knocked out of both cups at the first round. This season we have already made the CIS Cup semi and are pushing manfully for a top six place. We, at least, have the financial buffer from last season if we don’t make that top six place.”
That financial buffer should keep us above water for another season but the pressure on the manager’s budget will increase. Judgements about increased admission charges and the club’s attempts to maximise income may have to be re-evaluated in the light of the changing financial climate.