GB72
Money List Winner
I mentioned this on another thread but wondered how some clubs are coping. Bearing in mind that fee levels will have been set earlier in the year or even at the end of last year, there must have been plenty of clubs who just did not foresee the massive increases in operating costs at that time. As such, the annual membership fees may have been set far too low to cover the outgoings for the current year.
Are any clubs experiencing this. If so, how are they dealing with it. Are they putting it on the overdraft or are any clubs considering a further fee levy mid year. I am guessing that there may be a very significant rise next year for some if the club has had to use credit to get through any shortfall. I am guessing most clubs do not carry a significant cash reserve fro these things.
Just interested to see how clubs are coping with a significant rise in expenditure accross the board that may not have been on the horizon when budgets were set.
Are any clubs experiencing this. If so, how are they dealing with it. Are they putting it on the overdraft or are any clubs considering a further fee levy mid year. I am guessing that there may be a very significant rise next year for some if the club has had to use credit to get through any shortfall. I am guessing most clubs do not carry a significant cash reserve fro these things.
Just interested to see how clubs are coping with a significant rise in expenditure accross the board that may not have been on the horizon when budgets were set.