The attendance was fairly modest. One interesting revelation was that the average turnover of a club in the National League North is now just over £700,000 a year and the average playing budget is £268,000. This reflects the fact that there are a number of former Football League clubs in the division. However, a number of clubs have much smaller turnovers and playing budgets.
The recently released accounts of one club for 2017/18 show a turnover of £294k and a player budget of £190k. Advertising and sponsorship was the biggest income stream at £90k while match receipts amounted to £77k. A donation of £10k was received for the transfer to Swansea City. A £18k contribution was received from the National League from Premier League distributions and their own sponsorships.
The meeting followed the win over Ashton which should have secured another year in the National League North. Relegation would mean a loss of £70k in revenue. In the long run, the situation is not sustainable which is why we need to move to a new ground.
Individual directors bought £25k of shares to cover a projected £18k end year loss. They are not wealthy individuals and I would like to endorse the vote of thanks passed at the meeting.
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