Rovers made a profit in 2003
From the Sligo Weekender
Duffy reveals that Rovers made a profit in 2003
The recent forum organised by Sligo Rovers FC revealed the excellent work being done by the management committee as they seek to sort out Rovers’ finances.
Treasurer Owen Duffy stated that Rovers now have a Tax Clearance Certificate and the Profit & Loss account for the period up to 30/11/03 revealed the club made a profit of €25,041. This means that their total debt is now €215,192 and around €81,000 of that is described as ‘critical’ debt.
Duffy also gave a percentage breakdown of how Rovers were funded.
Gate receipts and season tickets yielded 32 per cent of the club’s income, 19 per cent came from sponsorship and the golf classic, 40 per cent from fund-raising, the ‘400 Club’ and the club’s ‘Lotto’, while nine per cent came from advertising.
He also revealed that the ‘400 Club’ is on target to have a sum in the region of €30,000 available at the start of the season to aid the strengthening of the squad.
The diligent official also announced that the club would be holding a fund-raising draw in the February with tickets costing €20.
Duffy highlighted that the work done by all concerned, with regards the club’s finances and ground development, show how far Sligo Rovers have come and the management committee deserves great credit for planning for Rovers’ long-term future.
It was also heartening to see the club being more transparent in its dealings and showing supporters how much hard work it takes to get a team on the field.
One thing that was clear from the evening is that supporters of Sligo Rovers are crying out for success and desperately want to see their beloved club where it belongs – back in the eircom League Premier Division.
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Quote:
Originally posted by TheRealRovers
Since that was printed our ‘critical’ debt is now €50k:D
What exactly is "critical debt" ??
Are the plans for the rest of the showgrounds in place, the astro turf pitch etc. ??
