FOOTBALL finance expert Kieran Maguire has analysed Kidderminster Harriers’ accounts for the 2023/24 season.
The club’s accounts revealed Harriers lost in excess of 200k in 2023/24 bringing Kidderminster’s cumulative losses to nearly £4million.
However, speaking exclusively to the Standard, finance expert Maguire did not see anything particularly alarming regarding the club’s current financial situation.
Maguire exclusively told the Standard: “It seems quite boring to me and boring is good.
“They don’t appear to have a lot of debt, they lost 200k last year and didn’t spend any money signing players but most National League clubs don’t sign players for fees.
“They lost 200k in a year but the average losses were 800k so it’s okay.
“They’re solid not spectacular but that’s what you’d expect given where the club is in its history and geographically.
“Harriers have £2million of debt so how is that going to be paid off? It looks like the money is coming from the owners.
“The club is sensibly run and sensibly managed.”
Maguire added: “There’s limited scope for huge investments but they’re doing enough to keep the lights on and to be broadly competitive.
“The club doesn’t publish its income statement so we can’t determine how much the revenues are or the wages due to the size of the club.
“There’s an awful lot of interest in National League clubs from investors and some of those investors deliver as we’ve seen at Wrexham and clubs start to accelerate.
“Some owners get bored quickly, if you’re running at a 200k loss and you’ve got nobody to put in that 200k that’s when you’ve got a problem but I don’t see that at Harriers.”
