Quote: Highlander "It's in the past now, but when we were averaging 8k crowds towards the end with a salary cap of £1.8m but TV income of £1.2m, we seemed to be making a loss of about £1/2m per year if the first admin accounts were to be believed. We were relegated the year before the new TV contract came in which increased the TV money to £1.8m per year. It's likely we could survive on that. But need money to get in there, which we don't have.'"
Oh yeah!
Of course, we were living Chris Caisley's dream back then. The board spent the 'Odsal settlement' money on buying players for the first team (it was really intended for ground repairs etc after the club took on that responsibility from the council) and that is where the £ half million per year losses came from. CC clearly believed that the better the team was the more fans would come flocking into Odsal. To some extent that was true but the 15/16K we were getting was always going to be the most we were likely to get. I can still remember CC's statements to the T&A berating fans for not turning up in even bigger numbers. Seeds were sown, cloth was cut etc, we are where we are.