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Club finances

  • 15-02-2010 9:06am
    #1
    zztop
    Registered Users, Registered Users 2 Posts: 387 ✭✭


    How do clubs manage during the leaner part of the year
    when income is slow and the bank manager comes calling.
    Do clubs have difficulty with overdraft and has it gotten
    more stringent?


Comments

  • #2
    G1032
    Registered Users, Registered Users 2 Posts: 7,185 ✭✭✭G1032


    I'm sure they just bank the annual subs and these will pay for a large part of the yearly costs............
    No more than any other business they would have to save money earned during busy periods to see them through the leaner times.


  • #3
    GreeBo
    Registered Users, Registered Users 2 Posts: 27,370 ✭✭✭✭GreeBo


    Clubs budget for this, it happens every year so its not like its a new event for them. Money comes in in waves, (hopefully!) lots during the summer and far less during winter, for a variety of reasons.


  • #4
    zztop
    Registered Users, Registered Users 2 Posts: 387 ✭✭zztop


    With the fall off/delay in getting subs in are clubs
    availing of overdraft or are the banks being difficult.
    I know some clubs at the end of last year who put
    an extra charge on members to balance the books.


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