sirscrumpton Posted April 1, 2004 Share Posted April 1, 2004 DUNFORD: WE FACE ANOTHER BIG LOSS 12:33 - 01 April 2004 Bristol Rovers have been warned they face another big loss this season after the club's annual report revealed a deficit of more than £700,000 in the year ending June 2003. The figures show that it took a cash injection of almost £400,000 by the Dunford family - the club's major shareholders - to keep down the losses. But that cash, which came from the Dunfords' private company Deltavon Limited, is a loan which will have to be repaid at two per cent above the bank rate. Accountants have warned that Rovers are likely to be heavily in the red again this season, despite a series of cutbacks. As well as making former assistant boss John Still and secretary Roger Brinsford redundant this season, the Pirates are also believed to have reached a settlement approaching six figures to pay off manager Ray Graydon, who left the club in January. Rovers have also brought in several recent signings in a bid to stave off the threat of relegation from the Football League. Rovers' survival last season was ensured by the capture of striker Andy Rammell, whose signing was funded by the Supporters' Club share scheme. Chairman Geoff Dunford pays tribute to their efforts in his annual report, saying: "Andy's goals were instrumental in helping the club maintain its League status and my board wish to thank the Supporters' Club for their wonderful support." But he also warns that the collapse of the transfer market means Rovers can no longer count on selling players to cover their losses. The figures show that, despite cutting spending by more than £500,000 to £4.46 million, total income fell by £863,000. Football receipts totalled £1.6 million, while others - including rent from Bristol Shoguns - realised £2.1 million. Dunford also says in his report that Rovers are pushing ahead with plans to expand the Memorial Stadium, subject to funding by the Football Foundation. A planning application could be submitted later this month. Link to comment Share on other sites More sharing options...
Guest H Block Drum n' Bass Posted April 1, 2004 Share Posted April 1, 2004 Why make the ground bigger? There not going anywhere (maybe down) so they're fan base will only get smaller and it'll get them in more debt. Link to comment Share on other sites More sharing options...
Guest Rikku Posted April 1, 2004 Share Posted April 1, 2004 more problems for the gas...what a shame! :sport18: Link to comment Share on other sites More sharing options...
The Man In Black Posted April 1, 2004 Share Posted April 1, 2004 Unbelievable that a manager can leave pretty much as a failure and command a near six-figure fee for it. I suppose that it shows the folly of signing a manager to a long-term contract. At least City.... oh bugger... Link to comment Share on other sites More sharing options...
Guest malaggro Posted April 1, 2004 Share Posted April 1, 2004 Their woes have increased since they seized the MEMORIAL GROUND from the rugby club and re-named it. I reckon that they are cursed. They deserve to be. Robbing swines. Link to comment Share on other sites More sharing options...
Stoke_Gifford_Red Posted April 1, 2004 Share Posted April 1, 2004 Have you seen they got more from off the field activities such as rugby rent than football receipts. 'Football receipts totalled £1.6 million, while others - including rent from Bristol Shoguns - realised £2.1 million.' Link to comment Share on other sites More sharing options...
NATCHER Posted April 1, 2004 Share Posted April 1, 2004 Unbelievable that a manager can leave pretty much as a failure and command a near six-figure fee for it. I suppose that it shows the folly of signing a manager to a long-term contract. "Learn by your mistakes" is the saying I believe The Man In Black. Quite right too, I remember a local rival, not too dissimilar to the one mentioned, who once had promotion "in the bag" until a terrible slide stole even a play-off place from under them. Then the manager of this said team left, resigned, was dismissed (take your pick) and the team did disband and all continuity was lost 'til they were on the edge of the abiss. If, as your username suggests, you are a referee, you will have a long and "successful" officiating career. Link to comment Share on other sites More sharing options...
Guest Bristol_Babe Posted April 1, 2004 Share Posted April 1, 2004 see you later rovers... can't wait for you to go bankrupt... lets see Atkins tighten his belt... Link to comment Share on other sites More sharing options...
bucksred Posted April 2, 2004 Share Posted April 2, 2004 Who gives a **** about the bleedin Gas, Worry bout ourselves first... Link to comment Share on other sites More sharing options...
Guest zfc Posted April 2, 2004 Share Posted April 2, 2004 see you later rovers... can't wait for you to go bankrupt... lets see Atkins tighten his belt... You will be waiting a long time love Rovers wont be going bust and there is more chance of City going bust (again) before Rovers do.Citys debts are much higher than Rovers and they lose more money per financial year than Rovers.Dont worry about the future of Rovers because if you dont get promotion this season City are going to be deep in the brown stuff. Link to comment Share on other sites More sharing options...
Guest malaggro Posted April 2, 2004 Share Posted April 2, 2004 You will be waiting a long time love Rovers wont be going bust and there is more chance of City going bust (again) before Rovers do.Citys debts are much higher than Rovers and they lose more money per financial year than Rovers.Dont worry about the future of Rovers because if you dont get promotion this season City are going to be deep in the brown stuff. Ram it gas tit. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.