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Sunday, May 19, 2019

Hereford's Football Budget Set To Be £700K

The football budget for next season at Edgar Street looks as though it will be around £700K.

That's nearly double the budget former manager Peter Beadle had in his last full season.

In the accounts for the year ending May 31st 2018,the football budget was £331K which was up from £256K the previous season.

In an interview on the OS last Saturday - https://www.herefordfc.co.uk/video-merrick-gives-close-season-board-update/ - director Mick Merrick confirmed that the budget would rise.

"50% was the increase in budget from going into last season and this year we are looking at a 40% increase in the football budget and that is significent," he said.

So assuming the figure of £331K was correct, an increase of 50% gave a budget for last season of £496K.

A further increase of 40% this coming season would lift the budget to circa £694K.

For the record, team and managment wages (the budget) is understood to include manager and all background staff and all playing staff.

The criteria was changed after Beadle's last full season and also includes cost of away travel and the like.