The cost of relegation to League 1 - Over £4m per year

Turnover for the 2004-05 season (the latest relegation season) was reported to be £12,243,000.

Following relegation total revenue then fell 36% (£4,393,000) to just £7,850,000 in season 2005-06.

When the five biggest revenue groups are broken out the results are as follows:

'Football Income' (essentially season ticket sales and match-day ticket sales):
2004-05 £6,481,000
2005-06 £4,553,000
Down by 30% (£1,928,000)

Matchday Hospitality, Events and Entertaining:
2004-05 £2,296,000
2005-06 £1,058,000
Down by 54% (£1,238,000)

TV, Radio and Internet:
2004-05 £1,398,000
2005-06 £883,000
Down by 37% (£510,000)

Sponsorship, Royalties and Advertising:
2004-05 £1,127,000
2005-06 £613,000
Down by 46% (£514,000)

Merchandising:
2004-05 £946,000
2005-06 £743,000
Down by 21% (£203,000)

A remarkable achievement at a time when English football at large is enjoying an unprecedented financial boom.

To reitterate - every season the club stays in this division, it loses over £4m in revenue. Any attempt by Mr Doughty to claim credit for supporting such debt should be looked at in context - we are in this division because of footballing mismanagement under his leadership.

2005-06 is the lowest annual revenue reported by the club for 15 years. Taking into account inflation (particularly the huge hike in ticket prices) and the massive overall growth in English (and World) football, this is shocking illustration of the decline of the club.

Note: All figures rounded off to the nearest thousand.
Source: NFFC Ltd Director’s Report and Financial Statement 31 May 2006