KenH wrote:Whoever the owner is, I think the Board really need to work on a feasible plan to stop the club losing so much money year on year. That's the real problem, and probably why it's not an attractive proposition for buyers.
It always sounds like we're just wanting to carry on as we are and expecting "someone" to constantly pump money in to cover the losses. That will massively reduce the number of potential buyers willing to do that.
It's one thing finding an investor willing to stump up the few million required by Jason, but completely different to try and find someone willing to do that AND either develop the club themselves or put in management to develop it to cut the losses.
I keep wondering about this.
When we moved to the Mazuma, we were told that the plan was to become financially self-sufficient through growth of the off-field revenue streams. At that time, I believe we were losing about £500k per year.
We’ve now been in the new stadium for nearly 15 years and rather than become profitable, our losses have doubled. I think I recall James Wakefield saying recently that it’s virtually impossible for clubs to support themselves financially now. Is this because football has changed since 2010 and our goal of becoming profitable (or at least breaking even) is no longer possible?
I would be interested in asking the board for their views on this, and whether we still aim to become a profitable business, or have we now given up on that goal?