Newspaper article The Journal (Newcastle, England)

Cup Run Helps Put Carlisle in Profit; Finances Look Much Healthier

Newspaper article The Journal (Newcastle, England)

Cup Run Helps Put Carlisle in Profit; Finances Look Much Healthier

Article excerpt

Byline: Luke Edwards

GREG Abbott will be able to strengthen his Carlisle United squad with loan signings as a result of a cash windfall from the team's Johnstone's Paint Trophy cup run.

Carlisle booked their place in the final with a sensational penalty shoot-out win over Leeds United in the Northern Area Final on Tuesday night and as many as 24,000 fans could make the trip to Wembley next month.

The cup run has led to a major cash windfall with as much as pounds 500,000 extra income generated for a club which had already made a small profit this season following losses of pounds 1.2m last year.

That money will be made available to Abbott, who may wait until the summer to sign players on a permanent basis rather than pay the wages of loan signings this season.

"It is pretty significant for us all the way through," said managing director John Nixon of United's cup run and record fifth appearance in the JPT final.

"The work was done last summer in terms of cost reduction which has helped turn the club around, and what Greg and the team have done since then is take things further.

"The cup runs have been the icing on the cake and getting to Wembley is the cherry on top. We have made a small profit for the first six months of this season and this work will consolidate the next six months.

"That will mean we have effectively turned around a pounds 1.2m loss, and that in itself would be a miracle.

"Our crowds are down on last year by 1,000 per league game, which means we are pounds 300,000 down on income, so the cup runs have helped to compensate for that and help us turn a negative into a positive. We have got to keep everything under control. We are running a business and we want to be here in the future and not end up like the Gretnas, Darlingtons, Rotherhams and Crystal Palaces and be at risk of administration."

Although some might still be feeling the effects of a draining evening's work against Leeds - who have confirmed none of the three players who were allegedly attacked by Carlisle fans will be pressing charges - Abbott looks set to keep faith with the same side. …

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