The “well run club” has declared losses of c. £3.6m in each of the last two annual reports.
Given the current rules on playing budgets, which would mean far lower ongoing losses, the only reason the club would be in danger is if the owner had decided not to sustain such losses in future, which he is perfectly entitled to do, much as we might not like it.
Of course, as a negotiating tactic, it wouldn’t be the brightest idea to suggest that the club is flush and doesn’t need grants…
