In other words: if income plateaus or continues to fall, how will they ensure that the club remains solvent? Are there contingency plans to stop us racking up loads of debt?
I for one would hope we start from right now setting realistic budgets instead of budgets based on figures that we have demonstrated that we are incapable of achieving.
I would base next seasons budget on us having an average attendance of 1000. The economy isn't improving, nor are people's job prospects in the area, so the chances of us miraculously finding an extra 200-300 supporters is slim to zero. If that means we have to adjust the offers made to players just a few weeks ago and also lower our sights when it comes to sourcing new players, then so be it.
The last thing I want to see next season is a bunch of players swanning around on an average wage of £400 per week whilst the club gets deeper and deeper into debt. If we set a budget based on us getting an average gate of >1100 next season, I would consider that to be downright irresponsible. If we are in as much trouble financially as the rumours are suggesting, the bravest thing the BoD could do is to slash the wage bill. Allowing the club to continue to overspend in pursuit of some pipe dream would be reckless beyond belief.
Up to now, I don't blame the BoD for anything that they have done. I don't blame them for spending £40k on a feasibility study that might well come up dry and I don't blame them for taking a punt on the wage bill in an attempt to build a side that 1500 people would want to watch every week. Life is a gamble and they have taken a couple of big ones. Unfortunately, if they don't come off, you have to make some uncomfortable decisions about how you're going to restore some balance to your life.
In our case, this would be to set a budget that stops the bleeding. We cannot afford to start off next season losing money through the turnstiles right from the start. I'd rather us get relegated than go into financial meltdown. We have to convince the creditors that we are serious and committed to paying them back. If your mate owed you £1000 but was still going out partying every weekend, whilst not meeting agreed repayments you would soon get pretty [SwearFilter] off with him. However, if he stopped partying and made an attempt to pay you back, you would be way more supportive, even if he missed the occasional payment. We have to prove to creditors that we're serious about paying them back quickly and within the timeframe agreed. It only takes one to get [SwearFilter] off and decide to start proceedings against us and the lot of them will have to follow suit, then, it's probably too late to save ourselves, much the same as Darlington and Kettering have found.