No Need To Sell

By Aston
November 9 2006

Town chairman David Sheepshanks says there is no need to sell any of Town’s youngsters despite the club reporting a loss today.

Town have reported a loss of £2.7million from July 2005 - June 2006, but says there is no need to sell young players and Town could be looking to sign players in January.

 

Mr Sheepshanks: “The headline loss disguises the progress that has been made towards stabilising our financial position.

 

“What is encouraging is that we have again reported a positive EBITDA (earnings before interest, taxation, depreciation and amortisation) this time of £318,000.

 

“Assuming attendances and commercial performance hold up, we are in a position for the second year running to be able to consider further player acquisitions rather than sales in the January window.

 

“There is no pressure nor intention to sell any of our young stars in January, nor hopefully beyond, although it is impossible to predict further forward.

 

“Should current average attendances persist, combined with the detrimental knock-on effect on commercial income, then this may reduce our ability to further invest in the team.”    

 

Source: Evening Star

 

Talk about Town on our Message Board.