“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.
“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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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
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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)