Chester sign Lee Trundle...The Beerhunter wrote:Here we go again.......
CHESTER FC are forecasting a loss of between £65,000 and £70,000 this season. Supporters were told the club had cut its playing budget and was trying to renegotiate some commercial contracts in an attempt to balance the books.
“What we need to do and what we are doing is getting our house in order.,†he said.
He added the forecast loss could be attributed to increased player and staff costs, under-performing commercial contracts and some financial irregularities the club had uncovered.
But the club had already improved its financial controls and was continuing to try to make further savings, he said.
“On a positive note, we are still debt free and that will still be the case,†said Mr Durkin, although he said any loss would eat into the club’s reserves.
Mr Durkin also praised Blues manager Neil Young for the way he had handled the playing budget cut, revealing Sean Clancy, Robbie Booth, Levi Mackin and Luke Denson had all been allowed to leave to reduce the club’s wage bill.
“There is no money available at the moment for new players,†he said.The club posted a £107,626 profit in its first season, although that figure included money pledged by supporters to help start the club
http://www.nonleaguedaily.com/news/inde ... &nid=91722
Wow, I don't suppose "non-contract" means "no-money", hope they can afford him after their recently publicised financial news.... (see earlier posts, especially what I've highlighted in red!)...
