Notts County’s owners have reassured supporters they are “fully committed” to supporting the Magpies through the coronavirus crisis as the club’s company accounts were revealed.
All football is currently suspended due to the outbreak which has put clubs under huge financial strain given they are committed to paying contracts with no matchday income.
Notts have one of the highest wage bills in the National League, but chairman Christoffer Reedtz and his brother Alex, say they are well equipped to deal with all “reasonable and potential scenarios’.
The news comes as accounts detailed the last financial year ending up to June 30, 2019 when previous chairman Alan Hardy was still at the helm.
They covered the 2018-19 season which proved to be a disastrous one for Notts both on and off the pitch as they were relegated from the Football League for the first time in this history and suffered huge financial uncertainty until the Reedtz brothers completed their takeover in July.
In the figures that are now available on Companies House, it emerged the club had made a loss of £2.8m which has taken their total losses over the years to £23.3m.