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Lincoln's route to success

The early promotion of cathedral city team Lincoln to the Championship has rightly attracted attention and praise.   For example, the latest edition of Four Four Two has a feature on the club which is well worth reading.

Lincoln is a classic ‘stand alone’ club.  It is clearly the pre-eminent club in Lincolnshire (Grimsby play in Cleethorpes and former EFL club Boston play in the National League, as do Scunthorpe).

Lincolnshire is probably the leading arable farming county in England with many large scale and prosperous enterprises – I gave a talk to some of the leading producers many years ago, before Sir James Dyson got involved with his innovative agricultural enterprises.

For the first time in 65 years, Lincoln City will play in the second tier of English football next season — a success achieved despite starting their 2025-26 campaign with the seventh-lowest budget among the 24 clubs in League One.

American investment

Lincoln are one of many English clubs to have received American investment, with Ron Fowler, a former co-owner of Major League Baseball’s San Diego Padres, now having the largest stake in the club. His compatriot Harvey Jabara is also a key investor, and the USMNT’s joint record goal scorer Landon Donovan is also on board as an investor and strategic advisor.

South African former hedge fund manager Clive Nates has been involved since 2016, when the club were playing non-League football in the fifth tier of the English game, and he is the third largest shareholder.

Donovan describes Lincoln, located in the east Midlands of England, a three-hour drive north from London, as a “really sweet, charming town”.

Punching above their weight

They have the highest number of points, the most goals scored, and the fewest conceded in League One this season, and have done it all on a budget of around £5million ($6.6m). Jez George, the sporting director, told The Athletic that the top budgets in the third tier are over £14million to £15m. He says getting into the play-off positions (the clubs finishing between third and sixth) should require spending £9m to £10m.

The squad’s highest-paid player is on £3,500 a week in a division where George says some are on “north of £10,000 per week” and where Lincoln see “the monster clubs” — Wrexham and Birmingham City were both promoted to the Championship following major spending last season — getting further away “in terms of sheer finance”.

The gap between Lincoln’s highest and lowest paid players is “very small”, George says, making for a strong collective. There is no individual star in the team. Despite being League One’s top scorers collectively, no Lincoln player is into double figures for league goals this season — “Just a bunch of people who have contributed throughout,” Donovan says. “That was the story in the best teams I played in, too.”

Using data analysis

A data-led approach to recruitment — backed up by video analysis and character assessments — has identified calculated risks in the market.  George says Lincoln buy data from analysis company Impect, assessing talent across eight to 10 European leagues, while more often using eyes and ears for the domestic market.

Lincoln spent £10,000 to access data from Insight Sport, a soccer technology business that has since been bought and taken in-house by the Friedkin Group, who own Premier League Everton and Roma of Italy’s Serie A top flight. George describes it as an AI-based tool that analyses millions of previously taken set pieces, which helps to devise fresh patterns and identify flaws in their opponents’ defensive setups, while goalkeeping coach David Preece also works on routines.

A revamped £1.3million training complex has also helped — a dividend from Lincoln’s memorable FA Cup run as a National League side in the 2016-17 season, when they beat Ipswich Town, Brighton (Championship sides at the time), and Burnley (who were in the Premier League) en route to a quarter-final against eventual winners Arsenal.

Promotion this time, lifting Lincoln into the Championship, brings fresh challenges. Even as a modestly run club in League One, Lincoln still lost around £3million in the 2023-24 season. Many across their division lost far more. 

Once again, Lincoln will need to act smarter than their rivals, many of whom operate on far greater revenues, when the new season starts in August. “It’s not about going up,” Donovan says. “It is about staying up.”

 

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