Lincoln City’s annual accounts for the last financial year are out, exciting I know. But it’s important so bear with me. The headline figure is the £200,000 loss we made, apparently mainly due to the payoffs of sacked manager Peter Jackson and his assistant Iffy Onura.
Chairman Bob Dorrian (who looks like he used to be in a psychedelic rock band) told BBC Lincolnshire:
“It’s disappointing, but the scale of the loss is something we can cope with quite readily.
“Other clubs, bigger clubs with more money behind them, have reported losses of more than £1m so we could say we’re doing very well at Lincoln City.”
Don’t worry everyone! It’s fine, other clubs are doing worse than us!
The reality is, £200,000 is a lot of money for a club like Lincoln City. And everything that’s come out about the spending of the Sutton regime suggests that they were fairly profligate (Drewe Broughton is supposedly on £80,000 a year) so perhaps things won’t get better.
On the other hand, there’s renewed speculation about interest in Watford’s goalkeeper Scott Loach from Villa and Man City during the January transfer window. He came through the club’s youth program, and the deal that took him to Watford includes a 15% cut of any sell on fee. Potentially a lot of money on the cards then, more than enough for Mr. Dorrian to paper over the cracks.