FC Isle of Man records £50,000 loss during 23/24

Club gives financial update during supporters meeting

FC Isle of Man recorded a financial loss of around £50,000 during last season.

The club's treasurer Russ Kent provided the financial update during a club supporters meeting held in Douglas on Monday this week (30 September).

He revealed that the 23/24 campaign cost the Island team around £380,000 whilst generating £330,000 in income through the likes of sponsorship, gate receipts and the FC Isle of Man children's football camps.

Of those costs, Mr Kent revealed that travel for bringing visiting teams in for home fixtures and for FC Isle of Man to travel to away matches was the biggest outlay at around £250,000.

Furthermore it was revealed that FC Isle of Man home matches cost the organisation between £7,500 to £8,000 whilst the average cost of an away match for the team was in the region of £5,200.

Meanwhile, the club's Vice-Chair and Director of Football Lee Dixon says they remain committed to bringing in further sponsorship and other forms of revenue going forward.

He adds the longer-term objective continues to be making FC Isle of Man financially sustainable without the need for government scheme support, although he admits currently they're still 'a little bit away' from achieving that.

You can view the supporters meeting in full via the club's official YouTube channel HERE.