Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
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

Watford FC: An Unlikely Financial Success Story?

Wed 26th Apr 2017 | Money & Finance

The business model carried out by the owners of Watford FC is unlikely to be adopted by too many sectors outside of football, but by hiring and firing a conveyor belt of managers, they have managed to...

Newcastle United & West Ham Face Tax Investigation

Wed 26th Apr 2017 | Money & Finance

Newcastle United and West Ham United have been targeted by HMRC for alleged Tax and National Insurance fraud. Officers are understood to have raided the offices at St James’s Park and the London...

Premier League Revenues Grow But Losses Return

Thu 20th Apr 2017 | Money & Finance

Premier League clubs’ revenues increased to a new record of £3.6bn in 2015/16, according to Deloitte, the business advisory firm. Analysis of the financial results of Premier League clubs...

7 Tips From The Best Online Football Merchandise Stores

Thu 13th Apr 2017 | Money & Finance

CEO, Lewis Holland and the team at DiscountIF team have been studying various merchandise stores of football clubs in the UK. This article was originally posted here. We’ve compiled a short list...