I fear that there might be a slightly more rocky year ahead for us in tems of finances this year.
Last financal year we posted a modest profit but income included a one off payment of almost £250,000 compensation from Dundee United as well as £170,000 from being fortunate enough to feature in consecutive live SKY Scottish Cup ties. In addition the club earned prize money for acheiving our record highest league placing. On top of that we enjoyed record season ticket sales and record average home crowds.
This year, while television income has increased, season ticket sales are down on last year and it now looks likely that average attendances wil be two or three hundred less than last season. Given the very competitive nature of the league this season we may well finish several places below where we ended up last year thereby reducing income from prize money.
All this at a time when the club are rightly offering key players signifigantly enhanced contracts means that unless we reach the Scottish Cup final we are likely to post a six figure loss in the current financial year.
That in itself wouldn't represent a disaster but couldn't be sustained for very many seasons without becoming a problem.
At the risk of sounding like the honouable member for Dunfermline East, fiscal prudence remains an absolute priority.