S
SEARCH
M
SW
Thursday, July 2
Collect News Data
/esi/1339/6_A_1_401177_0/index.html?art_id=401177&ESI

Wycombe chairman fears £2.5m loss during coronavirus pandemic

:Headline: Wycombe chairman fears £2.5m loss during coronavirus pandemic:
Furloughed staff have been encouraged to find alternative employment once the Government scheme ends.

Wycombe have advised their furloughed staff to look for alternative employment once the Government scheme ends.

The League One club, who are warning of losses in excess of £2.5million because of the coronavirus pandemic, have also said they can no longer afford to make up their salaries to 100 per cent.

Chairman Rob Couhig said on the club's official website: "The club has essentially been without revenue since the beginning of March. Our loss of revenue even with the utilisation of the furlough plan has exceeded £1m through the end of May.

"On a going-forward basis, we anticipate our loss of revenue will continue at the rate of £350,000 a month.

"While no one really knows for sure when we will be able to return to playing in front of crowds, it seems reasonably certain that it will not happen until at least September and many speculate not until at least December.

"It is apparent that the club's losses as a result of the Covid-19 outbreak may exceed £2.5m. If we are required to play games behind closed doors, whether to try to complete the season or in play-offs, these costs will go up.

"We have informed all our non-football staff presently on furlough that their pay will be limited to that which we receive from the furlough plan.

"Through May 31, everyone has received 100 per cent of their pay. The club has made up the difference.

Jason McCarthy, centre, will return to Millwall after Wycombe can no longer afford his wages (Richard Sellers/PA)

"Going forward, these furloughed employees will receive 80 per cent of their salary with a maximum payment of £2,500 per month. We are also recommending that they begin the search for alternative employment once furlough ends."

Wycombe's fate on the pitch this season remains up in the air as League One clubs have still yet to vote on whether to end the season, with a decision not likely to come for another week.

The Chairboys have indicated they will vote for it to end, even though that would mean they will be involved in the play-offs, which would be set by a points-per-game basis.

If they are involved in the play-offs, they will be without loanee Jason McCarthy, who Couhig says they cannot afford to pay any more

"I have also informed our manager (Gareth Ainsworth) that the club will be without the services of Jason McCarthy.

“Going forward, these furloughed employees will receive 80 per cent of their salary with a maximum payment of £2,500 per month. We are also recommending that they begin the search for alternative employment once furlough ends”
- Rob Couhig

"Jason is a wonderful player and a terrific guy. He was on loan to us from Millwall.

"While they and he were willing to extend the agreement through the remainder of this season, and he would unquestionably be helpful if play resumes in any circumstances, we simply can't afford him.

"I am confident that the remainder of the team can achieve success when we are allowed to return.

"The club will survive this crisis as it has in the past. However, it will only do so by taking hard necessary steps to deal with the reality of our economic situation."

body check tags ::

amp_article_401177 : Collect and Make Data not in DataBase  : 
last updated article - 2020-06-02 16:39:29:
html db last update - 2020-07-01 17:59:08 :

ex - 7200 : read : write cache and make html

Coronavirus outbreak - Click here for more stories

Click here for more stories about Rob Couhig

Click here for more stories about Wycombe Wanderers

Share this article now:
Show comments

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
UC
Get the latest transfer news, match previews and news direct to your inbox!
Read more about Rob Couhig Football
Recommended Next on SM
Rob Couhig completes takeover of Wycombe Wanderers
Arsenal lining up Antoine Griezmann move?
Preview: Fleetwood vs. Wycombe - prediction, team news, lineups
League One Table
TeamPWDLFAGDPTS
CCoventry CityCoventry341813348301867
3Oxford UnitedOxford Utd35179961372460
4Portsmouth35179953361760
5Fleetwood TownFleetwood351612751381360
6Peterborough UnitedPeterborough351781068402859
7Sunderland361611948321659
8Wycombe WanderersWycombe3417894540559
9Doncaster RoversDoncaster341591051331854
10Ipswich TownIpswich3614101246361052
11Gillingham35121584234851
12Burton Albion351212115050048
13Blackpool351112124443145
14Bristol Rovers35129143849-1145
15Lincoln CityLincoln35126174446-242
16Shrewsbury TownShrewsbury341011133142-1141
17Accrington StanleyAccrington351010154753-640
18MK Dons35107183647-1137
19Rochdale34106183957-1836
20AFC Wimbledon35811163952-1335
RTranmere RoversTranmere3488183660-2432
RSouthend UnitedSouthend3547243985-4619
RBolton WanderersBolton34511182766-3914
Scroll for more - Tap for full version

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
UC
Get the latest transfer news, match previews and news direct to your inbox!

Loading ...

Failed to load data.

Premier League Table
TeamPWDLFAGDPTS
CLiverpool31282170214986
2Manchester CityMan City31203877334463
3Leicester CityLeicester32167960312955
4Chelsea321661057441354
5Manchester UnitedMan Utd321410851312052
6Wolverhampton WanderersWolves321313645341152
7Arsenal32111384741646
8Tottenham HotspurSpurs31129105041945
9Burnley32136133645-945
10Sheffield UnitedSheff Utd31111193031-144
11Everton32128124047-744
12Crystal Palace32119122837-942
13Newcastle UnitedNewcastle32119123343-1042
14Southampton32124164155-1440
15Brighton & Hove AlbionBrighton32712133444-1033
16West Ham UnitedWest Ham3286183856-1830
17Watford32610162949-2028
18Aston Villa3276193660-2427
19Bournemouth3276193054-2427
20Norwich CityNorwich3256212560-3521
Scroll for more - Tap for full version
. . . . . . . . . . . . . . . .
X

We value your privacy

A part of our GDPR compliance we need to ask for your consent. We and our partners use technology such as cookies on Sports Mole to personalise content and ads, provide social media features, and analyse our traffic. Click below to consent to the use of this technology on Sports Mole.