Vital Football

Latest York City News

Minstermen announce major losses

Minstermen announce major losses

<div style='background-color: #CC0033;'><a href='http://www.rsspump.com/?web_widget/rss_ticker/news_widget' title='News Widget'>News Widget</a></div>

Despite winning twice at Wembley and achieving their ultimate dream of a return to the Football League, York City are set to announce a £467,000 operating loss for last season.

"Operating losses of this size were inevitable if York City wanted to challenge for promotion" - Peter Rookes
The Minstermen spent as much as 96% of their total income on playing costs, including player and management wages, plus bonuses, transfer fees and relocation fees, as they suffered their biggest loss during eight years of non-league football.

However, their subsequent long-awaited elevation back into the Football League means City should break even this time around as the club are now subjected to the Salary Cost Management Protocol, which effectively means they can only spend a maximum of 55% of their total income on player salaries, bonuses, transfer fees and expenses. Meanwhile, additional Football League central funding together with available monies for the club's youth programme should also make a massive difference.

The combined income from last season's glorious FA Trophy and Blue Square Bet Premier play-off final triumphs totalled £235,000, according to the club, with the eventual operating loss just £2,000 short of their originally budgeted figure.

Those losses have once again been covered by club owners JM Packaging on an interest-free basis repayable on the relocation to a new stadium. That sum now stands at £1.32 million.

"This is the cost of promotion to the Football League," York's financial management consultant Peter Rookes told The Press. "Throughout the club's time in the Conference, operating losses of this size were inevitable if York City wanted to put together a team that would compete and challenge for promotion.

"The accounts show that maximum resources were made available to Gary Mills to enable promotion to the Football League," he added. "Income from two successful Wembley trips totalling £235,000 ultimately helped keep the losses in line with the original budgets."

* YORK CITY FC * PLAY-OFF WINNERS 2012 * FA TROPHY WINNERS 2012 * YORK CITY FC * PLAY-OFF WINNERS 2012 * FA TROPHY WINNERS 2012 * YORK CITY FC * PLAY-OFF WINNERS 2012 * FA TROPHY WINNERS 2012 * YORK CITY FC * PLAY-OFF WINNERS 2012 * FA TROPHY WINNERS 2012 *

Join The Vital Debate



Click here to join in the debate on the club forum.

Writer:Vital York
Date:Tuesday January 8 2013
Time: 1:06PM

Login to post a comment

Recent York City Articles

Newcomer keeping standards high

New goalkeeper Scott Loach will approach playing for York City exactly the same way as when he represented England.

Macclesfield Town v York City

The games continue to come thick and fast with York City still worryingly occupying a dreaded relegation place despite suffering only a third defeat in twenty at the weekend.

A late concession at Dagenham & Redbridge hardly did much to improve their cause and the subsequent levels of disappointment exhibited by understandably frantically concerned supporters perhaps gives an indication of their recently increased levels of expectancy.

However, a narrow setback at a top-five side st

Red Rewind: Big Mac takeaway for York

Red Rewind travels back to a hugely important Nationwide League Division Two clash between Macclesfield Town and York City at Moss Rose in April 1999.

Skipper a midweek doubt

York City could be without skipper Simon Heslop for their visit to Macclesfield Town on Tuesday evening.

Archived Vital York Articles

Vital York articles from

Site Journalists

Winehouse
Editor email
Profile

Current Poll (see more polls)

Who has been Gary Mills' most key signing?
Suggested By: Vital York City
Daniel Parslow21%
Sean Newton56%
Jon Parkin19%
Amari Morgan-Smith4%

League Table

# Team P W D L Pts. GD
1 Lincoln 36 23 6 7 75 35
2 Forest Green 39 22 9 8 75 31
3 Tranmere 37 22 7 8 73 24
4 Dag & Red 39 22 4 13 70 18
5 Aldershot 40 19 11 10 68 21
6 Gateshead 40 18 13 9 67 26
7 Dover Athletic 38 20 6 12 66 18
8 Barrow 39 17 14 8 65 19
9 Macclesfield 36 17 6 13 57 10
10 Wrexham 40 14 12 14 54 -11
11 Eastleigh 40 13 14 13 53 0
12 Boreham Wood 40 13 13 14 52 6
13 Chester 38 13 10 15 49 3
14 Bromley 39 14 7 18 49 -13
15 Solihull Moors 39 13 9 17 48 -4
16 Sutton 38 13 9 16 48 -6
17 Guiseley 40 12 10 18 46 -14
18 Braintree 40 12 9 19 45 -17
19 Maidstone 38 12 8 18 44 -17
20 Woking 40 11 8 21 41 -17
21 Torquay 39 10 10 19 40 -11
22 York 38 7 15 16 36 -19
23 Southport 39 9 7 23 34 -39
24 North Ferriby 40 10 3 27 33 -43
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent York City Results (view all)

York City Fixtures (view all)

Mar 28 2017 7:45PM : Macclesfield Town (a)
Conference National
Apr 1 2017 3:00PM : Braintree Town (H)
Conference National
Apr 4 2017 7:45PM : Bromley (H)
Conference National
Apr 8 2017 3:00PM : Chester (a)
Conference National
Apr 14 2017 3:00PM : Solihull Moors (a)
Conference National
Apr 17 2017 3:00PM : Wrexham (H)
Conference National

Vital Members League Table

RankNamePoints
1.VitalYorkCity3
Vital Football Comment