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Doncaster announce increased playing budget despite debts over £1m

Doncaster announce increased playing budget despite debts over £1m
© Reuters
Parent company Club Doncaster converted debts owed to it into share capital to help Rovers' finances.

Doncaster have announced an increased playing budget for next season despite debts of more than £1million.

Rovers said they have been operating on "significantly" reduced revenue streams due to the coronavirus pandemic and an £800,000 tax debt was due to be repaid this year.

Head of finance Richard Poole said player wage deferrals were in excess of £170,000 and the repayment of an English Football League rescue loan was also due.

Poole told the club's official website: "In summary there is more than £1m of debt to be repaid on top of normal operating costs.

"Despite this, the owners have continued to be generous, the playing budget for next season is higher when compared to the 2019-20 season and the owners of the club have once again committed to funding any financial operational shortfall of the club.

"Prior to the year end the parent company, Club Doncaster Limited, converted all debts owed by Doncaster Rovers into share capital, removing the need for repayment and significantly improving the financial status of the football club by a value in high seven figures."

Doncaster finished the season in 14th place in Sky Bet League One, 10 points off the play-off places.

The club were managerless for the final two months of the season following Moore's departure to become Sheffield Wednesday boss and appointed former Rovers midfielder Richie Wellens as his replacement last month.

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Sunday's key events

· Wave conditions permitting, surfing will make its Olympic debut (11pm-8.20am)

· Another debutant sport at this Olympics, most eyes will be on American Nyjah Huston in the men's street contest as he looks to add Olympic gold to his four world titles and 12 X-Games golds. (12.30am-5am)

· History beckons for Jade Jones as she looks to become a three-time Olympic champion - something never done before in the sport prior to these Games (2am-1.45pm)
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· The first swimming medals of the Games will be dished out, with home favourite Daiya Seto going for gold in the men's 400m individual medley (2.30am-4.20am)

· Lizzie Deignan is among the Team GB team looking for success in the women's road race (5am-9.30am)

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