Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Stockport County Board Make Savings

Mon 8th Apr 2013 | Money & Finance

Stockport County have announced a raft of savings following a review of its finances by new Chief Executive, Ryan McKnight. 

In a first of a new series of updates to the club’s fans, Vice-Chairman, Spencer Fearn has outlined the club’s financial position stating,Over the past couple of months we have been completing a forensic review of all our expenditure. This has been led by Ryan McKnight who has been going through all income and expenditure lines at County. 

“A lot of the costs we have incurred this year have been the hangover from the costs that Cheshire Sports had incurred and some serious negotiation has had to take place with suppliers to drive costs down.”

A summary of some of the savings are as follows:

- Electricity bill of £75,000 per year has been apportioned to CGC who have agreed to contribute towards this, giving a saving of £25,000 per year. 

- A saving of £8,000 has been made on waste collection with a local contractor after it discovered they’d been charged for the emptying of ‘empty’ bins since November.

- The rates bill of £92,000 per year has been reduced almost 75% following detailed discussions the Valuation Office over a number of months.

Fearn added, “The finance function has now been taken on by Ryan and myself who are responsible for the paying of bills and forecasting with assistance from Kevan Taylor, this has saved us £20,000 per annum. In addition we are reducing the number of days per month with our accountants and replacing this with a part-time member of staff, which will save a further £15,000 per annum.

“Running Edgeley Park is very costly and we fully expect to save more money throughout the summer by working with our suppliers to secure better deals.”

Plans to increase revenue streams have seen McKnight working with a possible main kit sponsor as well as negotiations with the generous fan who continues to sponsor the back of the kit on behalf of St Ann’s hospice.

The Promotional Office Warehouse have agreed to continue as a sponsor of the Edgeley Park’s Railway End along with Coldwell Boxing for next season. Coldwell Boxing has also agreed to become the training kit sponsor on a one year deal.

The club’s partnership with CGC has driven inherited costs down in Year 1, with healthy profits predicted for Year 2. The club receives a minimum £80,000 payment split over four quarters.

JoB Post: Commercial Manager - Stockport County Click Here for more details

Posted by: Aaron Gourley

Subscribe to our newsletter

 

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

How Football Clubs Source Their Revenue

Thu 22nd Jun 2017 | Money & Finance

It will come as a surprise to no one that football is big business these days. Although players’ wages – especially at the top teams – have increased remarkably, the clubs can pay...

“Why Does Your Club Offer Discounts?” 5 Responses

Tue 6th Jun 2017 | Money & Finance

Following my article last week on the 3 observations about discounts offered on football clubs’ merchandise stores ; I wanted to share some more insight in to the merchandise space. I’ve...

West Ham United announce record season ticket renewals

Thu 1st Jun 2017 | Money & Finance

West Ham United have announced a club record number of season ticket renewals for the 2017/18 Premier League campaign. At Wednesday's 5pm deadline, over 90% of the 52,000 season ticket holders at...

Footballers, their cars, and how many minutes of play it takes to pay for them

Thu 1st Jun 2017 | Money & Finance

Online used car dealership Carspring have researched the vehicles driven by more than 250 of the world’s leading football players. With this information, along with the estimated salaries of...