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Cricko

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*Typed up for the Exiles*

As expected RM makes a statement to the Echo a week before the AGM, he is becoming more predictable by the day.

Southend United chairman Ron Martin expects the football club to be playing at the new FF stadium next year.

He spoke out as Blues' latest accounts were published showing the club lost £2 million in July 2008/09 and had an overall debt of £7.97 million at the time.

These are the latest figures available -at the time the team had just finished the season in 8th place in Lge 1.
Mr Martin insists appropriate steps have been taken to improve the club's financial situation and the future is bright.

He said in the club's report and financial statements document for 2009-As a result of relegation and the challenges ahead we have, following the appointment of PS been able to reduce our players wage bill by approx 50%.

Staff reductions have also been necessary in the current season while improving customer service through ongoing efficiencies.
Further reductions in other operating expenses have also been achieved
The board and I are determined to reduce losses this coming year while continuing to make every effort to compete on the pitch.

Despite the troubles Mr Martin hopes the will be playing football at FF in the 2012/12 season.
He added, I hoped by now we would have started the new stadium and as I anticipated arrangements with Sainsbury's would be completed quicker.Unfortunately the necessary due diligence required on such a complex proposal, which necessitates the purchase of some 30 individual property interests has delayed matters beyond my wishes and expectations.

I do however remain solid in my resolve to provide the club with a new home and with the recent good progress made on all fronts I can say we expect to be playing in the new stadium in the 2012/13 season.

The 2 million loss for July 2008/09 was a slight improvement on the previous year when the club was down 2.4 million.
The latest figures also revealed the Blues' annual turnover was 5.3 million -slightly lower than the year before.-while income from pure trading was down just £50,328 year-on-year to £4.6 million.

The number of playing, coaching and football management staff increased from 63 to 73 while total employees were 103 compared with 95 the previous year.

Wages and salaries came in at £3.93 million in 08/9 compared with £3.74 million in 07/8.
Commercial income levels remained largely the same at about £1 million.

Did David Cameron write this for him?:unsure:
 
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