Dunfermline/finances

[Handsome_Devil]

Not directly related to us but an interesting statement from Dunfermline highlighting the precarious financial nature of middling clubs: https://dafc.co.uk/story.php?t=DAFC_...18/19&ID=11232

[jwok]

There's enough of a similarity to our own situation to remind us of the responsibility we have to ensure that MFC has enough in a 'rainy day' account to sustain the club through a few bad seasons.

From the Dunfermline statement,
"We want to get DAFC back into the Premiership, but not by risking the existence of the Club. So, the expectations of our supporters need to be realistic. Our ownership model means that we cannot look to a wealthy owner ploughing seven-figure sums into the Club as has happened elsewhere, but we can have a competitive advantage in the SPFL Championship if the community backs the Club, albeit that this means a little more coming from all of us. "

[LawSteelman]

Indeed, a reminder that clubs need to live within their own means. We didn't for a period from 1998 - 2002 and we paid the price for it and almost lost our club. It was a valuable lesson.