MX23RW : Friday, March 14 10:47:19| >> :600:207067:207067:

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
1Walsall37209867432469
2Bradford CityBradford36199848301866
3Doncaster RoversDoncaster361881053431062
4Notts County361710955371861
5AFC Wimbledon361791047252260
6Port Vale35151374437758
7Crewe AlexandraCrewe36141484437756
8Grimsby Town36175145153-256
9Colchester UnitedColchester36131674233955
10Bromley371313114845352
11Salford City361311124341250
12Fleetwood TownFleetwood361213114943649
13Cheltenham TownCheltenham361310134851-349
14Chesterfield351391356431348
15Swindon TownSwindon361113125252046
16BarrowBarrow35127163841-343
17Newport CountyNewport36127174561-1643
18MK Dons35126174650-442
19Gillingham35118163038-841
20Harrogate TownHarrogate36117182945-1640
21Accrington StanleyAccrington36109174454-1039
22Tranmere RoversTranmere36712172755-2833
23Morecambe3685233154-2329
24Carlisle UnitedCarlisle3569202551-2627


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!