Vital Football

Latest Chesterfield FC News

Chairman Dave Allen Concerned About Debt

Chairman Dave Allen Concerned About Debt

Allen told shareholders: 'The club carries far too much debt, with loans of £7 million, which needs to be reduced. Ideally, we'd like to get the debt to around half that figure. I think the business could sustain a debt of about £3 million.

If Dave Allen hadn't have put his own money into the club, the team would still be playing at Saltergate which was haemorrhaging money because of low attendances. That didn't cover the week to week running of the club. Although its a big debt, there is money coming into the club from the hospitality.

The IT system is costing the club over £100,000 a year. Allen said: 'We went over the top with the IT system and that's something we're trying to address.'

Another way of bringing money into the club is by holding concerts in the summer, the Elton John concert was a huge success with around 15,000 people filling the Stadium. The club can make between £300,000- 400,000 thousand from these concerts. More are planned, it was hoped that Tom Jones would come this year, but he has no plans to tour until next year.

Allen also said: We've got to reduce operating costs. Chris Turner has succeeded in making some dramatic reductions but we have to be a selling club. Seventy per cent of money raised will go to reducing the debt and thirty per cent will go to the playing budget.'

Although despite of this the board have backed Cook in the transfer market allowing him to bring in Cooper, O'Shea, Brindley and Gnanduillet, and also give long term contracts too Lee, Darikwa and Broadhead.

Chris Turner also spoke by saying: 'We've got to find other savings in the next 12 months to keep things on an even keel. The St Johnstone's Paint Trophy win saw £350,000 coming into the club but there were 1,000 people not renewing season tickets for obvious reasons. It's a winning team that brings crowds back. We can't spend above our means so we do have to be a selling club. We have to produce our own players.

At least the board are being brutally honest admitting to making mistakes, and that they have to be a selling club. At least they are not gambling like some clubs have, they are living within their means which is very important in this economical climate.



Click here to join in the debate on the club forum.

Writer:Deano The Spireite
Date:Tuesday January 29 2013
Time: 2:48PM

Login to post a comment

Recent Chesterfield Articles

Are Players Set For A Football Exit?

With the country narrowly voting to leave the European Union in Thursday's Referendum, there are certainly plenty of real questions that have to be addressed in terms...

League Cup Draw Wednesday 1pm

Four hours after the Football League fixture list is revealed, the League Cup first round...

League One Fixtures For 2016/17 Released Tomorrow

The coming League One fixtures for the 2016/17 season will be announced early tomorrow morning (Wednesday).

Chesterfield Fans To Travel 4,795 Miles In 2016/17

With the make up of League One known for the coming 2016/17 season with the curtain drawn on the 2015/16 year and all Play Off winners announced, here is how far Chesterfield fans...

Archived Vital Chesterfield Articles

Vital Chesterfield articles from

Site Journalists

Write for Vital Chesterfield
Write For Vital Chesterfield
Apply Here

Current Poll (see more polls)

Bradford v Chesterfield
Suggested By:
Chesterfield win34%
Bradford win66%
Draw0%

League Table

# Team P W D L Pts. GD
C Wigan 46 24 15 7 87 37
P Burton 46 25 10 11 85 20
3 Walsall 46 24 12 10 84 22
4 Millwall 46 24 9 13 81 24
5 Bradford 46 23 11 12 80 15
6 Barnsley 46 22 8 16 74 16
7 Scunthorpe 46 21 11 14 74 13
8 Coventry 46 19 12 15 69 18
9 Gillingham 46 19 12 15 69 15
10 Rochdale 46 19 12 15 69 7
11 Sheff Utd 46 18 12 16 66 5
12 Port Vale 46 18 11 17 65 -2
13 Peterborough 46 19 6 21 63 9
14 Bury 46 16 12 18 60 -17
15 Southend 46 16 11 19 59 -6
16 Swindon 46 16 11 19 59 -7
17 Oldham 46 12 18 16 54 -14
18 Chesterfield 46 15 8 23 53 -12
19 Fleetwood 46 12 15 19 51 -4
20 Shrewsbury 46 13 11 22 50 -21
R Doncaster 46 11 13 22 46 -16
R Blackpool 46 12 10 24 46 -23
R Colchester 46 9 13 24 40 -42
R Crewe 46 7 13 26 34 -37
Latest F1 News
Latest Vital Boxing News

Recent Chesterfield Results (view all)

Chesterfield Fixtures (view all)