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  • "
    Doctor69 wrote:
    Thing is, IF Oxford had gone up to League 1, it would have cost IL more money in buying players, paying wages, staffing costs, policing costs, etc. Couple in the fact there is a very good chance we would have been at the wrong end of the table and attendances would have dropped.....we probably would have lost more money than we gained by getting promoted initially. I don't think IL wanted Oxford promoted personally, hence the delay in naming a new manager, and not strengthening the squad towards the end of the season for the final push.
    I wonder if the money lost will be more than he will have to pay to sack Waddock in Oct / Nov time when we're bottom of the league?

    Lenegan couldn't run a bath"
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Collapse cost Oxford United up to £150,000, says Lenagan

United chairman Ian Lenagan

United chairman Ian Lenagan

First published in Sport Oxford Mail: Photograph of the Author by , Chief Sports Reporter covering Oxford United. Follow us on twitter: @oxfordmailoufc. Call me on 01865 425458

Missing out on the Sky Bet League Two play-offs has cost Oxford United up to £150,000, according to chairman Ian Lenagan.

The semi-finals continued last night with York City losing 1-0 at home to Fleetwood Town in their first leg, but despite spending eight months of the season in the top seven, a terrible finish saw the U’s miss out to finish eighth.

A successful play-off campaign will be worth a six-figure sum for the winners at Wembley on May 26.

United have lost more than £1m in each of the last two years.

But while Lenagan, speaking last month before the side’s fate was sealed, admitted it would have been a useful injection, the failure will not have a significant impact on the club’s finances.

He said: “It depends if you win them or not, but financially it would probably be worth somewhere between £50,000-£150,000.

“It’s not as good as the Conference, because you don’t get the same share in the Football League.

“I think in the Conference you get your own home attendance and then 25 per cent of the final game.

“But in the Football League 50 per cent of the contribution from the play-offs goes towards all the clubs in the Football League, and the other 50 per cent goes to the play-off competitors.

“I’m not being blasé about it by any means because it hurts every time I write a cheque, but it’s not significant in as much as, is it make-or-break?”

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