MX23RW : Sunday, February 2 10:00:21| >> :600:487577:487577:

Doncaster announce increased playing budget despite debts over £1m

Doncaster announce increased playing budget despite debts over £1m
© Reuters
Parent company Club Doncaster converted debts owed to it into share capital to help Rovers' finances.

Doncaster have announced an increased playing budget for next season despite debts of more than £1million.

Rovers said they have been operating on "significantly" reduced revenue streams due to the coronavirus pandemic and an £800,000 tax debt was due to be repaid this year.

Head of finance Richard Poole said player wage deferrals were in excess of £170,000 and the repayment of an English Football League rescue loan was also due.

Poole told the club's official website: "In summary there is more than £1m of debt to be repaid on top of normal operating costs.

"Despite this, the owners have continued to be generous, the playing budget for next season is higher when compared to the 2019-20 season and the owners of the club have once again committed to funding any financial operational shortfall of the club.

"Prior to the year end the parent company, Club Doncaster Limited, converted all debts owed by Doncaster Rovers into share capital, removing the need for repayment and significantly improving the financial status of the football club by a value in high seven figures."

Doncaster finished the season in 14th place in Sky Bet League One, 10 points off the play-off places.

The club were managerless for the final two months of the season following Moore's departure to become Sheffield Wednesday boss and appointed former Rovers midfielder Richie Wellens as his replacement last month.

ID:451902: cacheID:451902:1false2false3false:QQ:: from db desktop :LenBod:restore:2319:
Written by
P A
Restore Data
Share this article now:
West Ham United's Oladapo Afolayan celebrates scoring their fourth goal on January 23, 2021
Read Next:
Oladapo Afolayan reacts to debut goal for West Ham
>
Read more about Richie Wellens Football
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
1Walsall28185554302459
2Doncaster RoversDoncaster29157742321052
3Notts County28148645281750
4AFC Wimbledon27146739201948
5Crewe AlexandraCrewe291212536251148
6Port Vale2813963529648
7Bradford CityBradford28138738281047
8Salford City2812883326744
9Grimsby Town29133134045-542
10Chesterfield28109943321139
11MK Dons28115124240238
12Cheltenham TownCheltenham28108103739-238
13Colchester UnitedColchester2881373329437
14Swindon TownSwindon30910114344-137
15Fleetwood TownFleetwood279993735236
16Bromley2881193637-135
17Gillingham2795132529-432
18BarrowBarrow2887132732-531
19Newport CountyNewport2786133546-1130
20Harrogate TownHarrogate3086162541-1630
21Accrington StanleyAccrington2778123445-1129
22Tranmere RoversTranmere2868142146-2526
23Morecambe2865172644-1823
24Carlisle UnitedCarlisle2856172246-2421


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!