Crewe draw up plans to ease cash crisis

Published Add your comment

Football News

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."

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:

Crewe Alexandra
League Two

Article Comments

Read more

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again