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Doncaster announce increased playing budget despite debts over £1m

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

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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Premier League Table
TeamPWDLFAGDPTS
CStockport CountyStockport462711896484892
4MK Dons462391483681578
5Doncaster RoversDoncaster46218177368571
6Crewe AlexandraCrewe461914136965471
7Crawley TownCrawley46217187367670
8BarrowBarrow461815136256669
9Bradford CityBradford461912156159269
10AFC Wimbledon4617141564511365
11Walsall461811176973-465
12Gillingham461810184657-1164
13Harrogate TownHarrogate461712176069-963
14Notts County46187218986361
15Morecambe461710196781-1458
16Tranmere RoversTranmere46176236770-357
17Accrington StanleyAccrington46169216371-857
18Newport CountyNewport46167236276-1455
19Swindon TownSwindon461412207783-654
20Salford City461312216682-1651
21Grimsby Town461116195774-1749
22Colchester UnitedColchester461112235980-2145
23Sutton UnitedSutton46915225984-2542
RForest Green RoversForest Green46119264478-3442
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