Danny and Nicky been appointed as manager and assistant manager at Huddersfield Town. Photo: Huddersfield Town
Lincoln City were given compensation of £1 million after the Cowley brothers left the club last year, a figure officially confirmed in their annual report for the financial year ending June 2019.
The report also revealed a net loss for the club of £2.24 million, with the addition of promotion costs and expenditure on players.
Prior to departing the brothers had overseen a successful three years, including two league titles and promotion into League One, as well as Wembley success in the Checkatrade Trophy.
In the club’s latest Annual Report it said: “Following the year end the Management Team left the employment of the Company to join Huddersfield Town Football Club.
“The company received compensation of £1 million some of which was used to pay rolled up bonus and other contractual payments.”
Lincoln City’s latest Annual Report for the financial year ending June 2019. Photo: Lincoln City Football Club
The club also revealed that the accounts for the 12-month period to June 30, 2019, reported a net loss of £2.24 million. The loss incorporates a continued investment into the club’s assets, systems and people.
Costs linked directly to the club’s promotion to League One amounted to £0.6 million. A proportion of these costs, along with additional expenditure on players in the January transfer window, were said to be the main contributors to the higher than expected loss.
The Parent Company and underlying investors inject equity when necessary into the club. A further £1.4 million in new shares was taken up in the six months following the year-end.
The accounts also show that the company’s turnover increased marginally from £5.28 million in 2017/18 to £5.39 million for the year under review.
The club was also boosted by the news that in-stadium attendances have increased for the third consecutive season – rising from 8,782 in the 2017/18 season to average attendances of 9,006 in the 2018/19 campaign.
The club was also awarded the EFL Family Excellence Award, as well as being voted the third best in an EFL supporters’ survey on match satisfaction.
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Over a tonne of food and essential items, as well as more than £16,000, have been donated to local food banks through a Lincolnshire Co-op campaign.
The donations came after Lincolnshire Co-op launched its food bank advent calendar campaign throughout December.
An estimated 1,350kg of food and essentials, the equivalent of around 3,213 meals, and £16,675 of store dividend and cash was donated to over 40 larders and food banks in Lincolnshire.
Customers could also donate store dividend as well as cash and items. | Photo: Lincolnshire Co-op
Customers were encouraged to donate one item each day during their shopping, dropping them in collection bins at local stores.
A full collection bin at the Queen Elizabeth Road store in Lincoln. | Photo: Lincolnshire Co-op
Each day a new item was suggested by Lincolnshire Co-op, ranging from tinned goods to cleaning products, providing an advent calendar format for the scheme.
Items were suggested for donations with campaign labels in stores. | Photo: Lincolnshire Co-op
Sam Turner, Community Manager at Lincolnshire Co-op said: “We’re so grateful to everyone who donated to our Food Bank Advent Calendar campaign.
“Thanks to the generosity of our shoppers, members, and colleagues, we’ve been able to support the important work of local food banks in our area and help feed families at Christmas and beyond.”
Boston United will have no games for two weeks, as the National League North and South divisions come to a temporary halt.
It comes after a review of feedback from all clubs in the sixth tier of English football, which will see football at that level paused for two weeks.
The move is effective immediately, meaning Boston United’s home fixture against Brackley Town has been postponed until further notice.
A board meeting with the National League decided to put a stop to football at that level, amid growing concerns of rising coronavirus cases and winter financial packages.
Clubs were informed that while government funding was still likely from January to March, it would be in the form of loans rather than grants should football continue to go ahead.
Boston United chairman David Newton. | Photo: Boston United FC
Boston United chairman David Newton issued a statement on Thursday outlining the club’s stance in relation to the season, saying that he supported the decision to suspend the season.
“Clubs were also asked to give their views on a potential four-to-six-week suspension of the competition.
“After lengthy discussions within the club, we confirmed that we would, on balance, support this.
“We are a football club so, of course, we want to be playing games, but our decision took into account a number of factors.
“We are somewhat uncomfortable playing when the pandemic is at its peak and a large part of the population are locked down.
“Despite the strict Covid protocols we have in place, there is always a risk to players, staff and their families, and that has to be paramount in decision-making.
“We would, of course, need to know the detail relating to any suspension – and planned restart – before offering our final support to the proposal.”
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