CHESTER FC chairman Tony Durkin has lifted the lid on the club’s finances – and revealed they are ‘not as healthy’ as fans may think.
Durkin, who has been in the role for two months, expects Chester to announce losses of between £65,000 and £75,000 later this year.
In a frank and exclusive interview in today’s Chronicle, he tells Blues supporters:
Most of the club’s financial reserves will be gone by the end of the season.
Boss Neil Young has had his playing budget reassessed.
A financial controller has been appointed to keep spending on and off the field in check.
A period of consolidation would be required if, as expected, Chester secure promotion this season.
This would last two or three years – maybe more – before the funds could be put into place to launch an assault on the Football League.
City Fans United (CFU) members could have their annual subscription fee upped because the current figure of £5 is ‘not realistic’.
Durkin admitted the difficulties he has inherited are down to a ‘combination of different things’, adding: “There is an element of uninformed decision making.”
But he is confident he has the know-how, support and experience to put the Blues on a stronger footing.
Durkin said: “There’s no point looking back. What’s done is done. What we’ve got to do is undo it and make our club a better place and a better business.
“I can do it come hell or high water.
“I’m going to try my very best to turn this club around and I’m confident I can.”
Lifelong Chester fan Durkin, 59, of Mickle Trafford, is the founder of engineering manufacturing company QHP.
He was voted on to the Chester FC board at the club’s AGM in November and quickly installed as chairman of a new-look board.
Durkin was due to inform Blues supporters of the club’s financial situation at a meeting for CFU members last night.