Oxford MailCollapse cost Oxford United up to £150,000, says Lenagan (From Oxford Mail)

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  • "
    Davos P wrote:
    Doctor69 wrote:
    Davos P wrote:
    IL must feel like a real Wally the way Wilder called his bluff. Pity we've got him running the club. Would love to see him sell to a buyer who was real passionate about football and had a good feel for it . Under Lenegan my view is that the club has gone backwards.
    Unfortunately that isn't going to happen, as a club OUFC have no assets and a debt of £6m to IL. I can't see any successful person seeing us an attractive proposition. It's depressing to think but I just can't see things improving much :(
    You never know. Oxfords in a much better geographical position than many clubs to attract players, coaches and Managers, the site has potential and we have a just big enough potential fan base for the top leagues. I think the right buyer would view us as marketable. Also Oxford is a well known city globally.

    Probably hoping for too much but when we look at other clubs in L2 like Southend, Fleetwood, York, Burton etc we are streets ahead in terms of investment potential.
    your joking right? with Reading down the road, London 40 minutes away?"
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Collapse cost Oxford United up to £150,000, says Lenagan

Oxford Mail: United chairman Ian Lenagan United chairman Ian Lenagan

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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