Skip to main content

Posts

Showing posts with the label Cheltenham Town

EFL clubs face financial challenges

It's not easy to estimate how much Huddersfield Town would lose from the cancellation of the rest of the season, but a rough-and-ready calculation suggests a little over £3m or 19 per cent of their annual revenue: Losses from coronavirus Preston North End are better off than clubs lower down the pyramid and they have been prudently run by their billionaire backer, but they still face a big financial hit: Preston North End finances Cheltenham Town say that they face no immediate financial threat, but the sale of season tickets in May is normally important to fund them through the summer: Robins want to finish the season Plymouth Argyle chairman Simon Hallett has said that the Pilgrims are better placed than most clubs to withstand the effects of the Coronavirus crisis with the club being largely debt free: Heartfelt message to fans

Spa town success

Cheltenham Town are currently in the play off positions in League Two and they had profits of £69,000 in 2018/19. This may be due to the sale of Mo Eisa to Bristol City for about £1.5m, notes Kieran Maguire of the PriceofFootball. The club has plenty of cash in the bank. Cheltenham did not sign any players for fees in 2018/19. Cheltenham loans down about £120,000. Local businessman and lifelong fan Andy Wilcox became chairman in 2018, replacing a chairman who had served for 21 years: New chairman Arguably Cheltenham as a club are punching above their weight. The population of the town is 115,000 and there are not many large places in the immediate hinterland. In comparison the Leamington urban area (Leamington and Warwick) has a population of 95,000 before counting some heavily populated villages nearby. Leamington, admittedly a phoenix club, are in the National League North. One would not think of Cheltenham as a natural football town. The biggest employer must surely be th...