Bairns back in the black

Boss Steven Pressley's wheeling and dealin has helped keep Falkirk in credit
Boss Steven Pressley's wheeling and dealin has helped keep Falkirk in credit
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Falkirk’s year end figures will show a profit for the first time in three seasons.

The Bairns’ bank balance increased over season 2011-12, just two years after shipping out almost a million pounds in 2009-10.

Margins are expected to record a six-figure profit for the year between June 2011 and May 31, 2012.

And, unsurprisingly, the figures brought a smile to the face of many behind the scenes at the club, including newly appointed general manager David White.

He told The Falkirk Herald: “The philosophy for the business is now to break even.

“We generate a profit by developing players and then selling them on and we managed that with sales of Ryan Flynn, Murray Wallace and Kallum Higginbotham.

“But also key is the ‘drip-roast’ of add-on bonuses which we have received from the Flynn and Scott Arfield deals.

“These, like the transfer fees, are not budgeted for so they are a bonus that helps us achieve profits.”

The new general manager had been acting as club secretary over the past season before his change of role, but also thanked the staff and volunteers around the club for their efforts in turning Falkirk’s financial tide.

The exact profit has not been revealed until the club’s accounts have been audited and signed off, but the club’s money-men expect the figure to run into hundreds of thousands of pounds.

The club’s statements have shown losses of £452,749, £929,624 and £410,133 with the only profitable year recorded in season 2008-09 where £119,781 profit was made.

Steven Pressley has had his playing budget cut in successive seasons, and has lost higher-earners Mark Millar and Tam Scobbie already this summer, after cutting around 30 per cent of his wage budget last year through the departures of Marc Twaddle and Ryan Flynn.