Just 18 fans turned up to the club's annual general meeting yesterday. Perhaps that reflects broad satisfaction with the way things are going and there is plenty to be pleased about. We are punching above our weight in a league where most clubs are now full time or 'hybrid'. (It was also a hot day with lots of other attractions). In any event I thought that it was a constructive and informative meeting.
We owe a lot to Hollers. The meeting was told that he had brought in £250k to the club in transfer fees during his tenure by identifying and developing promising players.
The board have worked hard, have been strengthened and are to be strengthened further. They put in average of £5k a year each apart from their hard work which helps to reduce the deficit (how large that is depends on how you calculate it and the figures in any one year are distorted by transfer payments including appearance fees and a share of sell ons). The gross loss in 2024 was £102k. However, commercial income is on the way up, almost compensating for the £38k we lost in National League funds when we were in Step 3. This season it will be around £45k.
The club shop is to be put on a new basis to maximise revenue and provide a much better online offer (much needed after the experience a family member had last Christmas).
The whole new stadium saga is complex and uncertain. There is a regular dialogue with the CEO of the District Council. The original plan was there to be by 2022, but Covid and a war intervened. What is clear is that we need the stadium to be a sustainable club in Step 2. There is a Plan B but it would involve accepting a likely Step 3 status,
Apparently just the planning and procurement work for the new stadium will take one year. There would be a Coop store and a nursery there and quite probably housing development nearby which would help to defray the cost. The Council has no real alternative to Harbury Lane for a site for the 'travelling community'.
I asked about what would be the implications of the replacement of the present local government structure by a unitary authority, however constructed, but the honest answer is that no one knows.
A comment from the floor pointed out that comms could have been better on the car parking fees and that January was not a great month to introduce it. This point was more or less accepted, it being fairly pointed out that sometimes the board got overwhelmed by the number of issues it had to deal with (hence why it is a good idea to increase its size and double up in some roles).
We have made some good signings and I am looking forward to what will be a challenging season.
I suggested to a board member after the meeting that we need some survey data on where supporters actually live.