Phil Wallace to discuss Boro budget changes in light of Setanta TV debacle
BORO chairman Phil Wallace is to meet up with manager Graham Westley and the club's directors this week to discuss the implications of the collapse of the Setanta TV deal. Speaking about the proposed meeting to discuss a 20-point plan to reduce costs and
BORO chairman Phil Wallace is to meet up with manager Graham Westley and the club's directors this week to discuss the implications of the collapse of the Setanta TV deal.
Speaking about the proposed meeting to discuss a 20-point plan to reduce costs and identify a potential �100,000 of savings, Wallace said: "We run our club on the basis that every available penny goes to the playing budget.
"We have sophisticated budgets in place, we have experienced people preparing them and we have years of experience to know what each line of our budget should be to stay solvent.
"We got caught last year, like many businesses, by a dramatic unexpected drop in income and, as I've said previously, only the income from the FA Trophy win at Wembley kept us in decent shape.
"Our budgets for next season were finished by the end of May with every penny, including transfer fees, accounted for so the unexpected loss of the Setanta money will change what we can do.
"The 20 points I will highlight to the board will not result in job losses or change our ambition on the pitch for the coming season, but they are based on everyone involved with the club pulling together to make savings in 20 different areas.
- 1 Letchworth man found with 'cannabis and bread knife' in Hitchin
- 2 Where you can see the Perseid meteor shower in Hertfordshire
- 3 Everything you need to know about the August train driver strike
- 4 'Grave concerns' over survival of hospitality businesses amid rising costs
- 5 Parents rally as play café forced to close amid major cost increases
- 6 Scoring late makes it feel better than it is says Evans after Boro's late draw
- 7 Vulnerable woman is victim of alleged theft in Hitchin
- 8 Funeral of retired Stevenage school teacher hailed 'a legend'
- 9 Old Town Live organisers 'overwhelmed by response'
- 10 National award for Hitchin property company
"If we do that, this won't be a problem. If the people of Stevenage come to watch us as often as possible and help us wherever and whenever they can, it won't be a problem. �100,000 on its own isn't a number that can cause us concern, but when it's thrown in the mix with the drop in income we witnessed last year, it is."
Wallace also said he doesn't intend to bury his head in the sand or keep his fingers crossed in the hope that something will turn up.
"We will tackle this issue head on and resolve it before a ball is kicked. Provided that we all work together to achieve the savings I will highlight, then we'll be back to a neutral position.
"However in a business like ours the support of the fans - that means getting as many people to as many games as possible - is crucial and we in turn take on board the responsibility to provide entertainment, value for money and, hopefully, success on the pitch to those supporters and to continue our community activities in the town.