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Club News

Move Important For Club's Future

4 November 2014

The accounts, for the financial year ending May 2014, show that the club made a loss of £227,441.

TOWN  director John Fenty insists the latest set of accounts show why it’s ‘vital’ that the club moves away from Blundell Park.

The accounts, for the financial year ending May 2014, show that the club made a loss of £227,441.

The company's trading continues to show a substantial loss which is likely to remain the case for future years as Blundell Park falls well short of modern day stadia which enables additional income streams to help balance the books and provide a competitive playing budget. 

“Naturally, the figures are disappointing, but not unexpected,” said Mr Fenty.

“They show that the football club cannot make ends meet at Blundell Park.

“It isn’t suitable for the modern game and doesn’t provide the income streams necessary to sustain the club at the level we’re at or in the Football League."

John continued: "Year-in, year-out, we cannot continue to lose this kind of money – it’s as simple as that.

“It’s not scaremongering, it’s fact – we have to stand up to attention and understand the plight of this football club.

“This is not about playing political games, we have to relocate – it’s absolutely vital to the club’s very existence.”

A reasonably good 2013-14 season which resulted in an FA Cup third round appearance and the securing a second consecutive play off position, ended frustratingly with Football League status not being achieved. 

Despite the good cup run, and reaching the play-offs, income continues to fall a long way short of expenditure and whilst overall matchday and related income achieved a very modest increase this has been used to maintain the playing budget.  

Click here to listen to the full interview with John.

Click here to sign our Community Stadium Petition. 

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