It would be difficult to add anything to the excellent analysis by the New York Addick of the club's annual accounts, although I will be taking a close look myself: Accounts
The bottom line is that we lost £7.5m last year and are likely to lose £7.5m again this year, extra income being balanced out by extra costs. It is particularly of concern that wages are 100 per cent of turnover. Not only is this double the level recommended by Deloitte Sports Business, it is also way above most Premiership clubs with the exception of Manchester City who manage 114 per cent.
Given that, it is good that someone is footing the bill while the search for new owners goes on. One payment missed to Revenue and Customs and the club would be in trouble.
As the New York Addick points out, attendances remain a matter for concern. Clearly our home form does not help, although one also has to take account of how much discretionary leisure spending is being squeezed. We also look a lot better than Millwall (short to re-run their historic encounter with Luton at Kenilworth Road).
It has been widely reported that gentlemen of Middle Eastern appearance were being shown around on Saturday. They may not have been impressed by the game, but the reported attendance of 20,000+ sounded good. Given that walk up sales were reportedly sluggish, it's fortuitous that the East Stand was relatively crowded and that the gaps in the West would not have been evident to anyone sitting there.