Grimsby Town Finances next season.

After listening to Jason's interview on RH i was a little taken aback about what he said about our finances. He said if we stayed in the EFL they would be terrible and if we were relegated they would be catastrophic.
I just can't understand why they should be that bad. We have been promoted from the NL, had record season ticket sales, took good money in from transfers and had a cup run earning us over £1m.
Our financial situation should be pretty good unless we have overspent somewhere. Can anyone shed some light on what is happening?

I think he meant the different between the  money we receive from the league or conference .

Not the playing budget David will have to get a squad together.

It was also a dig at the PL not coming up with extra funding for the EFL and picking off the EFLs bargaining chips by doing this separate deal with the FA on the FA Cup. One wonders what trough has been put in front of the 4 EFL members on the FA committee. That’s what the FA deems as consultation with the all EFL clubs and below that participate in the FA Cup…

I also found his comments quite disturbing
He did mention I would be easier to entice new investment if we stayed in the league
But surely we are not in that bad a situation financially UTM

JS worried me with his comments about the finances, we have a sea of back room staff a new CEO coming in on 80k a year record attendance a higher sky payment and we are still struggling.
We must be paying massive money on some deadwood players which JS must of sanctioned.
We must be one of the favourites for the drop next season.

Quoted from Yoda

JS worried me with his comments about the finances, we have a sea of back room staff a new CEO coming in on 80k a year record attendance a higher sky payment and we are still struggling.
We must be paying massive money on some deadwood players which JS must of sanctioned.
We must be one of the favourites for the drop next season.

Predictable post from a predictable poster.

Maybe after last years pre season and saying we were loaded, he’s gone full circle 🤷🏼‍♂️

Stockwood has clarified that he was referring to the fact we are struggling to break even without additonal investment. Most clubs are in a similar position of having aging infrastructure, significant cost inflation, and a need to compete with clubs being funded by individuals to ridiculous levels. I doubt many clubs in the football league are anywhere near operating at a breakeven level.

It seemed to me to be a well timed (political) answer in light of the FA Cup replay controversy and the failure to agree decent payments for EFL clubs in the latest Sky sports package. And fair enough,

Quoted from aussiej

I just can't understand why they should be that bad. We have been promoted from the NL, had record season ticket sales, took good money in from transfers and had a cup run earning us over £1m.

All those things happened last year, with the exception of getting promoted which was two years ago. Money comes in & gets spent, people would (rightly) go mental if we had money just sat around gathering dust for the sake of the annual accounts.

Whether the club have “overspent” on anything is a matter of judgement, probably beyond you or I given we don’t know how much the club have spent on anything. Equally, maybe it’s a case of catching up on two decades of underspending?

This has been covered elsewhere but the owners have said they anticipated, and were prepared to underwrite, 6-figure losses for the first few seasons. For a couple of people who would be used to making decent profits every year I imagine a loss of any description would be viewed as terrible. There’s no doubt relegation to the conference would be catastrophic for anyone, nothing contentious about that.