Crewe draw up plans to ease cash crisis

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Crewe plan to analyse how their League Two rivals generate income as they bid to avert their own cash crisis.

Owner Norman Hassall warned at the Annual General Meeting that the club will register significant losses unless there are player sales before the end of the financial year in June. In recent years, Crewe have kept in the black with the £2million-plus sales of strikers Luke Varney and Nicky Maynard.

However, chairman John Bowler does not want to be wholly dependent on income from player sales, saying: "We have to think long and hard about financial stability because we have some hard times ahead," said Bowler. "The transfer market is in recession, so for a club like us who need to sell it is a concern."

He added: "It also further enhances the need to develop our own youngsters, but we also want the club to generate its own money and stand on its own two feet. Football has got to reinvent itself financially as no-one puts any money into a club expecting a return."

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Crewe Alexandra
League Two

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