With regard to the comments about the club apparently having an obsession with always posting a profit albeit only a very small one - I think of it in terms of this analogy:
You are in a job on minimum wage at best. You live within your means so do your big shop for just the basics in Lidl, drive an old banger, scrape to have a week’s holiday caravanning in Rhyl, etc. You just about keep your head above water and manage not to go into debt but you don’t have much left over at the end of the year. However, it’s not negative so it’s break-even or a small profit.
You get a better job paying decent money. If you carried on living exactly as you were before then you’d have quite a bit left over - but you don’t. Instead you vary your lifestyle to match your new income and now shop at Sainsbury’s and include a few treats in your shopping, drive a newer better car, take at least a couple of holidays abroad, etc. The result is you still spend up to what your income is so only have the same amount left over.
Same end result in terms of annual profit but vastly different stories of how you got there.
Using that point of view on the club … if our revenue allows it, would you rather we continue shopping at Lidl’s (or signing more Liddles ) and post a bigger profit or go to Sainsbury’s and spend up to but not over all that we have on better quality? If we end a season with loads left over (e.g. the windfall from Rico) would you be happy we have unspent money in the bank gathering dust or be thinking we ought to have splashed it on improving the team/facilities/growing the club/paying off any remaining debts?
And before anyone else says it, having some savings put aside for a rainy day is a good idea, but do you really need to keep a nest egg growing exponentially once you’ve got it to an optimum amount? Keep the emergency fund inflation proofed but no need to to go overboard. The only reason to do otherwise is if you are saving up for something in particular and would rather wait until you have enough instead of borrowing it up front.
In short, the real issue is how is our revenue is doing year on year rather than the profit posted which doesn’t really tell us anything.