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ANDY PERRY ON FINANCES AND WESTLIFE CONCERT
9th July 2010 0:07


Chairman explains Stags' financial battle is a 'sign of the times'
Evening Post, 6 July 2010
MANSFIELD Town chairman Andy Perry feels the club's summer battle to raise finance is 'a sign of the times.'

http://www.thisisnottingham.co.uk/sport/Chairman-explains-Stags-financial-battle/article-2380909-detail/article.html

Fellow director Steve Hymas revealed on a fans' forum the club was being subsidised by the board by an average of £10,000 per week last season.

It follows the loss of £600,000 per season of television money since relegation out of the Football League.

Those figures prompted the club to go in search of extra revenue this summer, leading them to hold two pop concerts.

Perry confirmed the first of those – featuring the X-Factor finalists – ran at a loss.

But he is confident the second – Irish band Westlife – will be more successful and close to a 15,000 sell-out.

"Like any business who want people to spend money in the luxury market, it is tough at the moment and a sign of the times," said Perry.

"People have to pay for their necessities first and only then can they spend it at the cinema, on a new sofa or at the football.

"To lose as much as £600,000 is a blow to any club dropping out of the Football League, especially because the drop in players' wages from League Two to the Blue Square is not comparable.

"A lot of players are earning almost as much as League Two while clubs' incomes are considerably down.

"It means that if you aren't doing well in the league or you don't have a good cup run, then it puts a strain on things.

"The X-Factor concert went very well in terms of the running of it, but we lost money.

"Westlife has already sold about 5,000, so we're a lot more optimistic that can make money with plenty of time to sell more seats."

Perry insists the concerts and other ventures are not just about making money. He is keen the club continues to reach out to the community.

Perry said: "We continue to work hard with the things we arrange because we want to reach out to the town and get them involved."

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CHAD newspaper, 7 July 2010 (not online)

Steve Hymas claimed on website Stagsnet that he and the other three owners have subsidised the club to the tune of an average of £10,000 a week since the takeover two years ago.
However when asked about the figure, chairman Andy Perry said: "Any board member that comments on social network sites is representing himself and not the football club. I don't really want to comment. The true picture of last season will be seen in the accounts which should be ready to present to the AGM by early August."

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