Kilmarnock will ask for a £1million government loan to help them survive the season

[Bonnyloyal]

KILMARNOCK will ask for a £1million government loan to help them survive the season.

Owner Billy Bowie has revealed Killie are set to record a seven-figure deficit and will ask the Scottish Government to bail them out.

Bowie explained directors have been ploughing in cash to pay the bills after the Covid-19 pandemic hit the club’s income streams.

He said: “I am sad to say we are forecasting a seven-figure deficit.

“Every month up to now, due to the directors and our organisation creating funds to pay the bills, everyone has been paid up.

“We have identified that there will be a cash flow shortage.

"We have a business interruption insurance claim that we hope will be an interim payment to carry us through.

“We have agreed to seek a government loan of £1m. It goes against the grain with myself as I don’t want to see the club going back into bank debt.

“Myself and the other directors are looking to try to get funds to keep the club going until the end of the season.

“The club shop sales have been good and we are looking at other avenues to bring income in.”

Despite the financial struggles, Bowie says boss Alex Dyer will be backed in the January window to add to his squad.

He added: “We had a meeting last week and we had approved a sum to Alex to bring in an additional player.

"Hopefully that will give him enough funds to bring in the player we need.”

 

[Rangersnumberfour]

We need a loan then says they are going to sign players.

 

[kirkiebluenose]

Government can’t just give out taxpayers money to football clubs

 

[Scaramanga]

 

[BriggsBear87]

To paraphrase Steve Clarke, Bye Bye Killie

 

[Barba Roja]

Asking for what is basically a bail out to survive the season and also admitting they are using funds to sign a new player haha!!

 

[Armadalebear]

Lol

 

[KGR98]

If the financial situation is that bad you don't bring in new players sell what you can and dip into your youth squad

 

[david1872]

Have a pie, when killie die

 

[drgriffen]

KILMARNOCK will ask for a £1million government loan to help them survive the season.

Owner Billy Bowie has revealed Killie are set to record a seven-figure deficit and will ask the Scottish Government to bail them out.

Bowie explained directors have been ploughing in cash to pay the bills after the Covid-19 pandemic hit the club’s income streams.

He said: “I am sad to say we are forecasting a seven-figure deficit.

“Every month up to now, due to the directors and our organisation creating funds to pay the bills, everyone has been paid up.

“We have identified that there will be a cash flow shortage.

"We have a business interruption insurance claim that we hope will be an interim payment to carry us through.

“We have agreed to seek a government loan of £1m. It goes against the grain with myself as I don’t want to see the club going back into bank debt.

“Myself and the other directors are looking to try to get funds to keep the club going until the end of the season.

“The club shop sales have been good and we are looking at other avenues to bring income in.”

Despite the financial struggles, Bowie says boss Alex Dyer will be backed in the January window to add to his squad.

He added: “We had a meeting last week and we had approved a sum to Alex to bring in an additional player.

"Hopefully that will give him enough funds to bring in the player we need.”

how can they give the manager money to bring in a player yet ask the government for a loan? This is ridiculous.

 

[BobbyShearer]

Should have probably sold us those extra tickets instead of keeping a stand empty to appease your whiny bitch fans eh?

 

[hhss]

Karma.

Stick your two stands up your arse.

 

[Blue As]

Didnt need any of our ticket money when you removed the Moffat Stand from our ticket allocation and gave it over to 30 local weans and half a dozen flags.

 

[albop]

state funded transfers then surely

 

[madride]

Not the first club I want to see die but they’ll certainly do

 

[The Friendly Ghost]

Say aye to a Killie pyre.

 

[55 and counting]

We need a loan then says they are going to sign players.

If I was in charge of dishing out the government loans that would be my 1st question. How can you afford new member of playing staff?

 

[Ted Rangers]

Is there a system in place to release prize money early for the season as a loan to clubs?

 

[Thomas Vallance]

Good. Hate them and have wished them relegated for 25 odd years now.

At least Ayr play on grass.

 

[Brick_Top]

They will be one of many in this predicament. This pandemic is going to absolutely cripple clubs in Scotland.

If only they hadn’t been spiteful bastards and cut our allocation, they could have had an extra £300-400k in their coffers from our two visits there last season.

If, and it’s a big if, crowds are back for 21/22 season, we will most certainly see Kilmarnock begging us to take both stands again.

 

[Galstonian Oranje]

Nippy will just buy them. She's buying everything else

 

[Battlefield Bear]

Should have probably sold us those extra tickets instead of keeping a stand empty to appease your whiny bitch fans eh?

This in absolute fooking spades.

 

[Bathbear]

Should have probably sold us those extra tickets instead of keeping a stand empty to appease your whiny bitch fans eh?

Karma eh!

 

[_BlueNose_]

what a shame

 

[blue barney]

Karma.

Stick your two stands up your arse.

Exactly, acting all macho and acting the big man.

 

[Walters80]

Kilmarnock have already had multiple millions in bank loans forgiven now they want public money as well yet other clubs are punished for an insolvency event?

Them and their wee mob of fans who were all uppity about Rangers in 2012 can bolt, can't afford players etc then go into administration and get relegated like other clubs have done.

 

[Skoosh1872]

Hmmmmm. Not going to crow but I’m not sure you should be signing additional players if you can’t afford your current cost base.

 

[sw26]

Asking for government money while giving the manager money to sign a player at the same time.

 

[SouthLDNBear]

I hope they get fined £250,000 and have a transfer embargo imposed upon them

 

[daven37]

KILMARNOCK will ask for a £1million government loan to help them survive the season.

Owner Billy Bowie has revealed Killie are set to record a seven-figure deficit and will ask the Scottish Government to bail them out.

He added: “We had a meeting last week and we had approved a sum to Alex to bring in an additional player.

"Hopefully that will give him enough funds to bring in the player we need.”

Ask for a Government loan and then saying it will help to bring in a player.

Sorry but naw.

 

[remembertheepoch]

He needs a loan from.the government then says he's buying players? That is bat shit mental logic, and there's karma for reducing the allocations.

 

[Hurricane Run]

Hope they get Wonga rates and go out of business. Cant stand that club, and i once had a soft spot for them

 

[Godrup99]

Don't have an issue with the loan request or buying a player, that's how these things work.

What fans they have I hope give them hell for their stupidity I'd denying us thousands of tickets at a cost of hundreds of thousands of pounds to them, pounds that would've kept the wolves from the door.

Ah, it was all so funny at the time....

 

[Gremiobear]

Maybe shouldn’t have reduced away allocations down to just one stand. Clowns

 

[lacoste12]

Can’t be just me who sees that they are asking for gov money on the one hand & then planning to buy player(s) on the other.
Not a good look esp when the Scottish gov are pissed at recent events over at the shark dome.

 

[rossgers]

In previous seasons it must have been away fans that kept them afloat.

 

[A Magician Named Gob]

The glee all of these inbred small town hicks had over our demise means I can't wait til the next one actually does go bust.

 

[Gauche.]

He does'nt seem like the smartest guy to be honest.
If you are applying for a loan and pleading poverty, don't broadcast you are going to spend it on something you don't need.

 

[Sam English]

In previous seasons it must have been away fans that kept them afloat.

And yet they cut our ticket allocation.

Hell mend them.

 

[Fairs fair]

Seriously just Fu*k off, our economy is in the shit, children are living in poverty, streets are boggin but aye, bail out a football club who have consistently made appalling business decisions 2012..
Get a loan off your masters at the Peadodome.

 

[Angus]

Bye bye Kilmarnock

 

[govanite]

Couldn't manage a piss up in a brewery you take as mich revenue as possible while you can they cut their nose to spite their face.

 

[LordCraig]

Loved winning the league whilst sitting in their end.

Another club id be happy to see go down

 

[chilebear]

Sell your stands, you dont want us in them anyway.

A club thats proud of its pies. Sums up Scottish football. More proud of pies than trophies.

 

[GF1]

Government can’t just give out taxpayers money to football clubs

Especially when they are going to bring in another player ffs!

They should be told to sell players first before getting a loan. Hopefully relegation awaits to get rid of that park

 

[Jjbscotty]

Hope they go bust.

 

[weeblueboab]

Say bye bye tae yer Kilmarnock pie.
Singing this'll be the year that ye die.

 

[Crouchy]

I don’t have the capacities to hand, but let’s say 3,000 tickets at £25 would have been a nice £75k extra in his pocket.

I can’t wait to see how many tickets we get after this shit show.

Probably get 90% of most grounds.

Cormack giving us 5,000 seats at Pittodrie will be delightful.

I’ll have a gazillion MyGers points by the end of the year.

 

[looway]

All of the kill em all guys on here should think of the long term health of Rangers when other clubs are struggling. We need these teams to survive or its alloa in the top league playing us with part time players getting £20 a game. Decent competition is what made us the club we are. Their fans can suffer enough watching and listening to us celebrating league titles.

 

[EnricoPallazzo]

Bye bye, Killie