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Update from head of finance Richard Poole

29 June 2022

Head of finance Richard Poole has provided an update following the submission of accounts for the financial year to June 2021:

"The financial year in question will be remembered as one of the most difficult on record due to the unprecedented impact of the Covid-19 pandemic and the resulting periods of lockdown.

"Like the vast majority of businesses across the country, we faced huge challenges to our operations including the staging of a full season of matches without supporters present.

"We continue to operate today thanks to the incredible generosity shown by our supporters and partners along with the ingenuity, resourcefulness and hard work of superb staff, for which we are forever grateful.

"It is pleasing therefore to confirm during the financial year to June 2021 that the club made a small operational profit of £90,000 - excluding player trading and compensation from the departure of coaching staff but including grants from the EFL and Doncaster Metropolitan Borough Council, and rates reductions.

"The profit includes all Club Doncaster activities including the rental of office space and car parks, as well as the regular Sunday market, five-a-side pitch hire and the sale of the popular Purple Voucher books, which helped to maintain good income levels which consequently held up Rovers financially.

"The healthy financial position has allowed the club to budget for returning 50 per cent of season ticket donations via guaranteed savings on season ticket prices for the next five years. This was alongside free streaming of home matches provided to season ticket holders for the 20/21 season.

"It also enabled the reduction of season ticket prices for the coming season to the cheapest in the 15-year history of the Eco-Power Stadium.

"A total of £1.2million of debt related to the pandemic has been cleared over the last 12 months. This has been pleasing, particularly in regards to a large HMRC bill, plus the wage deferral agreed by the players.

"The only remaining pandemic-related debt comes in the form of two staggered fixed payments within the next year.

"Clearing the debt provides us with a clean slate as we seek to continue to grow the business in the coming years and allows for monies to be received from past or future player trading to be directly invested into first team resources."

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