Chairman alleviates Harriers' finance fears

Harriers chairman Ken Rae (right) with last season's player of the year Lee Vaughan.

Harriers chairman Ken Rae (right) with last season's player of the year Lee Vaughan.

First published in Sport

CHAIRMAN Ken Rae has played down fears over Kidderminster Harriers’ finances after club benefactors Ernie and Kath Lane handed in their resignations as directors.

The Aggborough outfit’s board were set to meet last night to discuss a number of issues, including the Lanes’ proposed departure.

The pair have played a key role in helping Harriers recover from their financial woes in 2011.

They paid the £60,000 tax bill the club owed to Her Majesty’s Revenue and Customs.

The Lanes also provided funds to buy the likes of Ryan Rowe, Anthony Malbon and Marvin Johnson over the last few years and have invested an estimated £200,000 into the club.

However, they have decided to quit because of concerns over the management of the club’s finances during the last seven months.

But Rae insists there is nothing to worry about.

He said: “We are like a lot of clubs in the summer.

“We’ve got one or two issues but there are no serious problems.

“We’ve obviously got a wage bill to pay but otherwise we are okay.

“I can confirm that Ernie and Kath Lane have tendered their resignations.

“I can’t really say more on that until after this week’s board meeting.”

The 2013-14 campaign was also one of the most financially successful in the club’s history, with a money-spinning run to the FA Cup Fourth Round.

This included playing in front of a 25,000 strong crowd against Sunderland in the Stadium of Light.

The sale of striker Joe Lolley to Championship side Huddersfield Town for a fee thought to be in the region of £250,000 also boosted the club’s coffers.

Harriers are awaiting two more payments from the Terriers.

However, they had to pay off manager Steve Burr, as well as his successor Andy Thorn and assistant Craig Knight.

Manager Gary Whild has been given a smaller budget than last year, when the club pushed the boat out to win the league, but the club have still been able to sign experienced Conference Premier performers Craig Reid, Reece Styche and Jared Hodgkiss.

On a positive note, season ticket sales have also been healthy with approximately 600 sold so far.

l Meanwhile, Harriers’ hopes of signing Birmingham City left-back Amari’i Bell were dashed after he joined Mansfield on-loan until January.

Comments (1)

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12:34pm Thu 10 Jul 14

Bluenose182 says...

This is a massive loss for The Harriers. Ernie & Kath Lane are true Harriers supporters and have given so much money over the years, helping pay bills and buying players. Where is the new investment coming from? In the last 12 months The Harriers have lost 5 Directors (Mark & Ruth Serrell, Ernie & Kath Lane and Andrew Maidstone) and no new directors coming in. I know that each of these directors put a minimum of £10000.00 per person into the club each season to be a director of the club, so The Harriers revenue is already £50000.00+ down. This is a massive amount of money for a non league football club. Mr Rae where is this extra income going to come from, yes we may have payments owing for sales of players and our FA cup run last year, but how long is it going to last? The Harriers are on a slippy slope, and if we don't stop this now we could end up like Hereford United.
This is a massive loss for The Harriers. Ernie & Kath Lane are true Harriers supporters and have given so much money over the years, helping pay bills and buying players. Where is the new investment coming from? In the last 12 months The Harriers have lost 5 Directors (Mark & Ruth Serrell, Ernie & Kath Lane and Andrew Maidstone) and no new directors coming in. I know that each of these directors put a minimum of £10000.00 per person into the club each season to be a director of the club, so The Harriers revenue is already £50000.00+ down. This is a massive amount of money for a non league football club. Mr Rae where is this extra income going to come from, yes we may have payments owing for sales of players and our FA cup run last year, but how long is it going to last? The Harriers are on a slippy slope, and if we don't stop this now we could end up like Hereford United. Bluenose182
  • Score: 7

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