Quote Originally Posted by A.J. View Post
But Mr Shute said a host of internal issues meant it was constantly in need of external funds to prop up its precarious financial position.

"My investigations also revealed that the company had difficulty attracting sufficient sponsorship, membership and match-day sales to cover its expenses resulting in carried forward trading losses of at least $11 million as at the date of my appointment," he said.

"These historical trading losses demonstrate an inability to meet the costs and expenses associated with running the company for the revenues available to the company."
This is the most interesting piece for me. How is the current Entity running things in a way that overcomes these losses?

We've had a few additional sponsors come on board, but membership is at best half what it was last year and surely 4000 people isn't enough to meet match day expenses.

For me, we don't attract enough people to warrant the expense of MJ Stadium. We need to go somewhere else. And the income from membership needs to increase by either raising the price (which I predict would see FEWER members re-sign) or attracting more people. Moving to a smaller ground could help this. If we had, say, 10K capacity at a ground we could cap membership to 9000 and create demand for the product. Leaves space for walk ups, away fans etc.

Anyway, unless things change I predict we will be here again in 3 years time.