Wednesday 7th June, 2023 at 10:00am
The preparation and hard work for season 2023/24 is now well-underway, and this continued today with sharp focus on maximising the playing budget available to our manager Kris Doolan.
The club can now, without fear of distracting from on-field matters, provide a further update on the financial status of the club, as promised earlier this year.
Following their appointment mid-season, the Club Board quickly established that we did not have sufficient funds to complete the season with a substantial cash-flow deficit. We secured our immediate future via loans to the club from Directors, with longer-term investment now being sought.
Despite these measures, the implementation of cost cuts and the benefit of revenues associated with both our cup runs and our progress to the cinch Premiership play-off final, we will still return a significant loss of around £280k for the season just ended. This loss was to a large extent caused by an anticipated investment into the club not materialising, at the same time as the previous board committed to an increased playing budget for the men’s team with the objective of achieving promotion. There were also some errors with the original budget which meant costs would always be higher than planned in some areas.
As a fan-owned club, we recognise our obligation to deliver a balanced budget for next season, and also the part our supporters can play in maximising our revenues to provide Kris Doolan with the funds he needs to compete as strongly as possible next season.
Season ticket sales will be a huge driver behind that budget, and we can confirm that we will launch 2023/24 season ticket sales from this Friday 9th June. We will communicate full information on this in a separate update before then.
Our last home match saw the Jackie Husband Stand and John Lambie Stand filled with red and yellow and we would love as many of those supporters as possible to consider a season ticket for 2023/24, such backing being a massive boost for Kris and the team.
There are lots of ways that you can support the club with a wide range of commercial opportunities available including sponsorship, advertising, hospitality packages and strategic partnerships. For further information please contact either Gerry Britton or Beth Adamson who would be delighted to discuss opportunities.
You can also help the club now, either by donating to the club directly or via The Jags Foundation who have committed to donating a significant sum to the club next season, which is hugely appreciated by all at Firhill. You can join The Jags Foundation here: thejagsfoundation.co.uk
We will continue to provide more updates throughout the summer as we rebuild for season 2023/24 and can only thank all Jags fans again for their unrelenting support.
