Motherwell chief executive Alan Burrows has moved to shutdown an internet funds post that casts fear for many clubs in Scotland.
The Lanarkshire club recently cleared all of their external debt thanks to the sale of James Scott in the January window. He left Fir Park for a Hull City in a deal worth seven figures.
Scottish politics blog Bella Caledonia reproduced a chart showing a simplistic guide to the cash reserves at each club. It left Hibs best placed to deal with a cash crisis, as they have 173 days of reserves in place.
Motherwell meanwhile had just 29 according to the chart’s logic, which is based off the most recent accounts for Premiership clubs. It displayed pretty worrying statistics for Premiership fans.
But the Well chief has shot down these claims, taking to Twitter to say: “That’s not reserves and even if it was, reserves are different from cash. Those numbers are presumably taken from the cash in bank position on clubs’ balance sheets from the year end (18/19).
A basic guide to cash reserves, based on last published data from @Barcabhoy1 (other variables include Euro 💰 and fans renewing season tickets though that seems unlikely in present crisis) pic.twitter.com/jcdd58q4Ym
— Bella Caledonia (@bellacaledonia) March 16, 2020
“They will vary wildly from what cash clubs have in the bank right now. “I’m not for a minute saying that everything is rosy and actually, some clubs might be in a better or worse position that the table shows, I don’t know.
“Most clubs work to align the spikes in costs with spikes of income, from a cashflow point of view. I’m not arguing that clubs are feeling a significant pinch, we are, I’m saying the data presented above won’t give an accurate picture as to where individual clubs are now.”
Motherwell are currently one of the best fan-owned clubs in the UK. Burrows also has a glowing rapport with Well fans for constantly updating supporters with any major changes at their club.