Financially-stable Rochdale feeling the pinch as coronavirus hits lower leagues hard


Richard Jolly
  • English
  • Arabic

“As much as we have a rainy-day account, it may be a rainy day for long time.” It had been a sunny season for David Bottomley, chief executive of League One Rochdale. Financially, much had gone right for a well-run club. Then the coronavirus crisis began. “I am 59 years old and I have never lived through anything like this in my life,” said Bottomley. “It is going to affect so many businesses financially.”

League One and League Two football clubs are particularly susceptible. Rochdale’s neighbours Bury were expelled from the Football League last year and are at risk of liquidation. Bottomley fears more “potentially” could go to the wall now.

“The Football League know other clubs are in financial trouble and this will only exacerbate the problem because they are not even able to rob Peter to pay Paul because Peter is not turning up to come through the door because football is suspended,” he said.

Football at League One level can be a hand-to-mouth existence. Rochdale’s average attendance is 3,632 but they have prospered because of their prudence. “We have been solvent for 113 years of our 113-year history,” Bottomley explained. “That is the badge of honour we wear in the Football League. We have never been very successful on the playing field and we have never won anything but it is almost incredible we are sustaining League One football on the crowds we do.”

Sustainability comes courtesy of selling the teenage prodigy Luke Matheson to Wolves in January, a Carabao Cup draw with Manchester United at Old Trafford that netted almost £500,000 (Dh2.2m) and a televised FA Cup tie with Newcastle, who they took to a replay.

Rochdale CEO David Bottomley, left, says Football League must support smaller clubs. Getty Images
Rochdale CEO David Bottomley, left, says Football League must support smaller clubs. Getty Images

“The only reason we have got any cushion at all,” Bottomley said. Yet football has shut down and Rochdale, who are taking the honourable approach of paying full-time staff in the club shop while it is closed, had had six home games remaining.

It leaves a £250,000-£300,000 shortfall in their accounts. “We wouldn’t have a way to fill that hole,” Bottomley added. “We won’t be attracting sponsorship at this moment because we have nothing to offer anyone if we are not playing.”

On Tuesday, they were scheduled to host relegation rivals Tranmere. They had sold 700 tickets to Rovers fans, and expected another 300 to turn up; that amounts to about £20,000. Peterborough were due at the Crown Oil Arena in April. With Posh chasing promotion, that could have meant 1,500 away fans. Dale’s matchday income goes beyond the cliche of a pie, a beverage and a programme. They have a match-ball sponsor, two executive match sponsors and an overall match sponsor for every home game.

It is why playing football without crowds is of little use to them. “If we played behind closed doors, we would have none of those things,” Bottomley said. “For a lot of clubs, that is the lifeblood. Every pound you make off the field is so incredibly important at our level of football.”

The Premier League, with its huge broadcast revenues, could operate without fans but Bottomley would rather restart the game later, but with supporters: “If you are only playing behind closed doors because of a mercenary money issue then that is totally the wrong thing to be doing. What we all love about football is the whole experience. Don’t take that away.”

It leaves him hoping the Football League can support its members. “We need some very strong leadership from the EFL,” Bottomley said. “We want to see what pressure the EFL are putting on the Premier League, which is a lot wealthier a body, and the government to ensure clubs and businesses survive from this crisis.”

Company profile

Name: Steppi

Founders: Joe Franklin and Milos Savic

Launched: February 2020

Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year

Employees: Five

Based: Jumeirah Lakes Towers, Dubai

Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings

Second round raised Dh720,000 from silent investors in June this year

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%3Cp%3E6pm%3A%20Barakka%3Cbr%3E6.35pm%3A%20Dhahabi%3Cbr%3E7.10pm%3A%20Mouheeb%3Cbr%3E7.45pm%3A%20With%20The%20Moonlight%3Cbr%3E8.20pm%3A%20Remorse%3Cbr%3E8.55pm%3A%20Ottoman%20Fleet%3Cbr%3E9.30pm%3A%20Tranquil%20Night%3C%2Fp%3E%0A
Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

UAE currency: the story behind the money in your pockets
The Bio

Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity

UAE currency: the story behind the money in your pockets
THE SPECS

Jaguar F-Pace SVR

Engine: 5-litre supercharged V8​​​​​​​

Transmission: 8-speed automatic

Power: 542bhp​​​​​​​

Torque: 680Nm​​​​​​​

Price: Dh465,071

UAE currency: the story behind the money in your pockets
SEMI-FINAL

Monterrey 1 

Funes Mori (14)

Liverpool 2

Keita (11), Firmino (90 1)