Managing Finances

retired_dyny · 07-05-2007, 09:53 PM

To what extent is it possible to successfully run a LL Club, and also make a profit?
I am currently Harrogate Town, and although I am under the wage budget, the club continues to lose money every month, meaning there are no finances available for transfer funds etc.
Is this just a fact of life, or can something be done on my part to manage finances better?

retired_jsammut · 07-05-2007, 09:57 PM

Bugger the finances: they aren't your responsibility, they're the Board's. Running a club at a loss with no transfer funds are part and parcel of LLM.

retired_joannemcmillen · 07-05-2007, 09:58 PM

Have a look in your finances screen adn have a look at your expenditure and find out what you can cut down on, then have a look at income screen and see what capital you can maximise, plus ask for a parent club as they provide a useful cash injection. It is fairly difficult but not impossible, do as well as you can in the cups as well, i've heard a few stories of people fielding weakened sides and the money from the cups can prove invaluable.

retired_jsammut · 07-05-2007, 09:59 PM

Quote:

Originally posted by iamthequinn:
Bugger the finances: they aren't your responsibility, they're the Board's. Running a club at a loss with no transfer funds are part and parcel of LLM.

Is...

retired_jsammut · 07-05-2007, 10:00 PM

Quote:

Originally posted by kj89:
Have a look in your finances screen adn have a look at your expenditure and find out what you can cut down on, then have a look at income screen and see what capital you can maximise, plus ask for a parent club as they provide a useful cash injection. It is fairly difficult but not impossible, do as well as you can in the cups as well, i've heard a few stories of people fielding weakened sides and the money from the cups can prove invaluable.

Tipping, and we don't do parent clubs here either.

Are you for real?

retired_dyny · 07-05-2007, 10:04 PM

Quote:

Originally posted by iamthequinn:
Bugger the finances: they aren't your responsibility, they're the Board's. Running a club at a loss with no transfer funds are part and parcel of LLM.

True, but it'd be nice to be able to feel there's something I could do about it.

retired_cin4me9 · 07-05-2007, 10:10 PM

Like the quinn said, finances are the boards problem, picking the squad and tactics are yours, just the way it should be.

retired_joannemcmillen · 07-05-2007, 10:11 PM

LLM is about realism right? Well feeder's are an integral part of RL football, but however there are exceptions as I have discovered agreements between English clubs are seemingly prohibited, so the choice on feeder clubs is up to you.