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Club News

Owner proud of progress

2 August 2018

Club News

Owner proud of progress

2 August 2018

Stanley owner Andy Holt says the club is now on a sound financial footing and it has come a long way since he took charge in October 2015.

“When I joined it was a money pit and that's not having a go at anyone in the past as everyone has done their bit to keep the club afloat,” said Andy.

"I was lucky in one way when I took over in that the club was on its bum.

“In that way when wages aren't being paid, if you pay wages on time it makes you feel better. Morale was low and, by doing certain things, morale could only rise.

“Owning a club has certainly opened my eyes. Football has the same basics as business but the way football is financed blows my mind.

“Just for an example, Sunderland in our league have a parachute payment of £33m, we have a playing budget of £1.1m.

“We are making a profit, it's a small profit but it's a profit nonetheless. We are building for the future, not just next season but for the next 20, 30, 40 years.

“I want the club to be here long after I have gone. If it is, I will have done my job. This club is for the community and for Accrington and that's my mindset.”

It's a historic season for the Reds as it's 50 years since the club re-formed following their resignation from the Football League in 1962.

As well as League One football, there is a new 1,100 seater stand, sponsored by, going up to replace the Cowshed, new floodlights have just been installed but it's the smaller things which delight Andy.

“We have put in a water harvesting system which works to our advantage now when it rains and I am not just paying out money to the water companies. That has cost us money but it's an investment in my eyes.

“We have new speakers so people can actually hear the loudspeaker and now, with the sale of Janoi Donacien, we will be building new changing rooms between the William Dyer Electrical Stand and the HML Recycling Jack Barrett Main Stand. I hope to finish them this season.

“There will be ups and downs along the way – we don't know what this season holds – but the club is not on the life support machine it was on when I took over. I won't do anything to damage the club."

Andy added:  "The first game I actually saw at Accrington, before I got involved, was Accrington v Gillingham and it ended 7-4. It's ironic that our first game in League One is Gillingham. I can't wait."

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