Lincoln City have been through some rocky financial times, although in the period during which they reached the play-offs in five successive years they managed to make a cumulative profit of £1m, At tonight’s annual general meeting a loss of £200,000 is expected to be reported.
Lincoln City have been through some rocky financial times, although in the period during which they reached the play-offs in five successive years they managed to make a cumulative profit of £1m, At tonight’s annual general meeting a loss of £200,000 is expected to be reported.
Supremo Bon Dorrian thinks that they should go global in their search for investment, seeing county cricket clubs as a model. However, Vinay Bedi, a football specialist at stockbrokers Brewin-Dolphin is rightly sceptical. He thinks that the chances of finding a foreign backer are remote and they should look for a local businessman with a strong affinity to the club. The question then would be, is there such a person who hasn’t been tapped up already?
Lincoln has one great advantage: it is a stand alone club with no rivals anywhere nearby. Boston United was once treated as their main rival, but they lost their place in the Football League amid financial troubles.
In a sense, Lincoln is a bit like Norwich City which has flourished. But the county is more thinly populated outside of Lincoln. Wealthy farmers towards the north of the county, who could be a source of funding, are linked to Scunthorpe who play in the Championship.