ASFC Academy

[widnes viking]

I could see the council putting in the £140k to maintain a youth set up in the borough but I’m not too sure they could legitimately offer the money for the roof, in short I don’t see it as an either/or

[Crown Grounder]

Originally Posted by widnes viking

I could see the council putting in the £140k to maintain a youth set up in the borough but I’m not too sure they could legitimately offer the money for the roof, in short I don’t see it as an either/or

Some Councils widnes, like the City, Unitary and larger County Councils support business and have the knowledge and financial acumen to do it...but small district and borough councils have the specialist managers and accountants with time and desire to do it. As for the local councillors in Hyndburn they haven't the skills or background to understand what's necessary nor the knowledge about readily available Prudential Borrowing to support long term Capital Projects. Plus they've got their own headaches coming constantly from residents and local voters. In short, they neither have the skills, knowledge or understanding of business and only do what might get themselves re-elected.

[Chewbacca]

Originally Posted by Crown Grounder

Some Councils widnes, like the City, Unitary and larger County Councils support business and have the knowledge and financial acumen to do it...but small district and borough councils have the specialist managers and accountants with time and desire to do it. As for the local councillors in Hyndburn they haven't the skills or background to understand what's necessary nor the knowledge about readily available Prudential Borrowing to support long term Capital Projects. Plus they've got their own headaches coming constantly from residents and local voters. In short, they neither have the skills, knowledge or understanding of business and only do what might get themselves re-elected.

Borrowing from the PWLB isn't complicated and everything was relaxed under localism and GPoC.

Spending on the Academy will be mainly revenue and not capital, plus how do you pay back the PWLB if it is projected to lose money?

With funding being cut again in 2026/27 to break even, this isn't the last of the club cuts, and bar big away cup tie draws or players sold for good money, it is looking bleak.

[Crown Grounder]

Originally Posted by Chewbacca

Borrowing from the PWLB isn't complicated and everything was relaxed under localism and GPoC.

Spending on the Academy will be mainly revenue and not capital, plus how do you pay back the PWLB if it is projected to lose money?

With funding being cut again in 2026/27 to break even, this isn't the last of the club cuts, and bar big away cup tie draws or players sold for good money, it is looking bleak.

1. I wasn't suggesting borrowing as a solution for the Academy. Your right you never borrow for revenue costs ....unless you are the Government...and we all know how that's going to end.....AND IT WON'T END WELL. tHE academy cost us a lot of money since inception and is a dead duck. The Council offered one-off support to make it look like it was offering help knowing it would never be taken-up.
2. Who knows about the playing budget or budget in general. I suggest no-one on here. We'll have to wait and see how the season pans out.

[VALAIRIAN]

Confirmation.......



https://www.accringtonstanley.co.uk/...re-of-academy/

[Exile on Spencer St]

Not just Stanley’s Academy that is suffering under existing and emerging financial circumstances….

https://www.bbc.co.uk/sport/football...s/c9wgg8y881lo