Promotion worth more than £1 million to Harrogate Town, but how will extra income affect their transfer dealings?

Harrogate Town will be significantly better off in a financial sense following their promotion to League Two.

Tuesday, 4th August 2020, 10:48 am
Updated Tuesday, 4th August 2020, 10:52 am
Harrogate Town manager, Simon Weaver, and chairman Irving Weaver, with the National League play-off final winners' trophy. Picture: Matt Kirkham

Sunday's National League play-off final success over Notts County at Wembley saw Simon Weaver's team make history as they secured a place in the Football League (EFL) for the first time in their 106-year existence.

And with that achievement comes a serious financial bonus, with Town chairman Irving Weaver revealing that the club will pocket approximately £1.1 million in grants alone for the 2020/21 campaign.

Such a boost to the coffers can often prompt a team into something of a spending spree or spark a series of high-profile or big-money arrivals.

Jack Diamond scored Harrogate Town's third goal as they beat Notts County 3-1 at Wembley. Picture: Getty Images

This is unlikely to be the case at Wetherby Road, however.

“I’m sure that Simon will be looking to add to the squad to make us more secure, but there won’t be big changes," Irving Weaver said.

“That’s not what we’re about as a club. We want consistency, and players who buy into the club and our ethos and want to come here for the right reasons.

"It was fantastic to see so many of the same players who helped us to promotion from National League North take us up into the Football League. They deserve the chance to prove themselves in the division above."

The £1.1 million that Town will receive in grants will include a £472k basic award payment from the EFL, plus a £430k solidarity payment from the Premier League.

"In the National League we got £90k, so when you factor that in it means that we'll be around £1 million pound better off in terms of the different grants you receive during your first year in the EFL," Irving Weaver added.

"The financial rewards can be transformative. This cash will help us to stabilise and become more sustainable.

"A big proportion of it can go towards the cost of the new Main Stand (£750k) that we're building, and there's also the cost of replacing our current pitch with a new grass surface to consider."

It is not yet known when crowds will be allowed back inside stadiums to watch sporting events, though once social distancing restrictions aimed at preventing the spread of coronavirus are eased, then Town should also see higher numbers through the turnstiles following their promotion.

"Once we are allowed crowds back in, we'd expect greater match-day revenue due to the increase in the amount of away supporters that should be coming to Harrogate," Irving Weaver said.

"We also hope to continue to grow our own fan-base and with a better standard of football on offer next season, I think we should be able to do that.

"The additional seating in the Main Stand should hopefully encourage more families to come to games as well.

"I've compared Salford City's crowd figures since promotion to when they were with us in the National League and they're now averaging more than 3,000 - so that's one indicator."