The Walsall Football Supporters’ Trust, as minority shareholders of Walsall FC, has carefully reviewed the Club’s latest accounts. We appreciate the efforts by ownership to invest in the stadium and football operations, recognising the ambition to strengthen Walsall FC for the long term. At the same time, we would like to note a few observations:

1. Investment vs. Immediate Losses

While we understand that major investments come with short-term costs, the swing from a small profit to a notable loss is significant. We recognise that improving facilities and infrastructure is essential to driving future growth, but we urge the Club’s leadership to ensure that spending remains sustainable and continues to align with on-field objectives.

2. Rising Debt, Interest Payments, and Operational Costs

The accounts show a clear increase in borrowing and higher interest payments, as well as rising operational costs. Although the support from our owners provides a financial backstop, the Trust hopes to see a clear and prudent plan for managing these obligations. We encourage ongoing cost assessments to safeguard Walsall FC’s long-term financial well-being.

3. Matchday Pricing Concerns

We appreciate the freeze on Early Bird season tickets, as it offers some relief for loyal fans in challenging times. At the same time, we hope that the cost of traditional matchday essentials—such as food and drinks—also remains at the same level, to avoid placing further strain on supporters. Times are tough for many households in Walsall, and we trust the Club will balance financial needs with fan affordability.

4. Opportunity for Growth

We are encouraged by the Club’s commitment to enhancing the matchday experience and expanding commercial opportunities. These initiatives have the potential to generate new revenue streams, benefiting both the Club’s financial position and the fan experience in the years ahead.

5. Transparency and Communication

We appreciate the level of detail in the latest accounts and encourage the Club to continue maintaining open dialogue with supporters and stakeholders. A clear, proactive approach to stabilising finances—and a roadmap for returning to profitability—will help foster confidence among fans.

6. Continued Collaboration

As minor shareholders, we stand ready to work alongside the Club to ensure that these investments produce lasting benefits for Walsall FC and our community. We welcome opportunities to provide feedback and assist in shaping decisions to best reflect the interests of all Saddlers.

In conclusion, we fully support the Club’s forward-thinking vision and drive for growth, while remaining mindful of the challenges posed by rising costs, higher debts, and the need to keep matchday affordable. With transparency, careful planning, and a focus on on-field performance, we are confident Walsall FC can navigate this period of investment responsibly and come out even stronger.


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