Gibber_McGee
Active Member
We made a small profit last year of about £30,000 and on track to do it again, but we vastly reduced our playing budget to achieve it. You can run a profit it seems, but you won't be competitive on the pitch and that's what matters to most fans. They would rather teams spunked their money chasing a dream than live within their means. Our recent financial history does make most of our fans a little more pragmatic though.
I think a club can be competitive (challenging for play-offs) whilst living within their means, but I think winning the league is certainly a very tall order. I'm hopeful that Wrexham will be there or thereabouts at the end of the season. It does take a lot of work though, especially on building up the fanbase and the commercial side, as they became the only real sources of income. Realistically we will never be the top spenders in the league even with our current average attendance of around 5,000.
There is a minority who want us to "speculate to accumulate" and find someone to "invest" (i.e. lend the club lots of money with no real way of ever paying it back. Surprisingly not many people are keen to do that with a club with no assets). Having been through what we've been through in the past, however, I think the vast majority of fans buy into what we are trying to do.