The amount was disclosed in the year-end financial statements that were submitted today.

Although the club lost £2.749 million in the year under review, sources indicate that they were able to stay in operation because of an increase in group support from £16.1 million to £18.7 million.

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In the event that the consortium succeeds in acquiring the club, the paper also makes suggestions about potential renovations for Roots Hall.

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The statement read as follows: “Roots Hall Stadium was constructed in 1955, and because of its age and construction style, expensive maintenance is necessary to receive a safety certificate.

“This situation cannot continue, and as a result, the stadium need significant renovation.

“The other stands will need to be renovated, and the East Stand has to be replaced completely.

“South Eastern Leisure Limited declared on March 23 that it intended to sell its club shares.

In the end, an agreement was reached with COSU FC Limited, and on December 23, 2023, contracts were exchanged.

As of this writing, the club is not yet sold, but when it is, money will be invested on the infrastructure.

“In accordance with the agreement, Ron Martin will eventually donate £20 million to support the renovation of Roots Hall through businesses under his ownership.”

And that will result in a number of advancements..

“The focus will be on Roots Hall, particularly the East Stand,” the newspaper continued.

The idea is to build a commercial hub with office space, a sizable conference and banqueting business, and more event space.

It’s expected that replacements will also be made to the restrooms and kiosks at the back of the West Stand.

“The North will probably be completely replaced eventually, but the South, the newest stand, needs some care.”

The records also showed that salaries decreased by 2% to £2.9 million, while income decreased by 13% to £2.9 million.

£72,000 was spent on player acquisitions.