York City appoint new finance director
Tue 12th Oct 2010 | Football Club Management
York City Football Club has appointed long standing supporter and former Trust Board member, Peter Rookes, as the Club's Financial Management Consultant.
Peter Rookes will be providing the Board of directors with regular financial information to assist budgeting. Peter has been providing a financial support service for some years and will continue to operate on a volunteer basis, but with a more formal advisory engagement with the Board.
Communications and community director, Sophie Hicks said, "We very much welcome Peter Rookes' financial advice. He has been preparing management forecasts for the Club for some time, but we felt we needed to formalise his position within the organisation.
Peter is a long standing fan and understands the complex financial demands of the Football Club. Like the directors of the Club, Peter will be assisting on a voluntary basis and we very much appreciate his support."
The financial position of York City remains the same as previous recent seasons. The Club is likely to make a significant operating loss this year, but continues to be financially supported by their Malton based parent company, J M Packaging Ltd.
York City continues to work hard to increase commercial revenue, though this is a difficult task in the current economic climate. In order to reduce costs at the Club, which is essential, York City has been forced to make two redundancies recently as part of a review of operations.
Other cost reducing measures which have been implemented this season include new stewarding arrangements and the outside management of the Social Club, now the Pitchside Bar.
Sophie Hicks added, "Due to the current economic climate, like a lot of other businesses, we have been forced to look at cost reductions at the Club for the long term benefit of York City. We have tried to maintain a healthy playing budget in order to give us the best chance of on-pitch success and we are now looking forward to the arrival of a new manager to make this happen."
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