York could net £700,000

15 May 2010 10:11
York City could make as much as £700,000 if they beat Oxford United in their play-off final at Wembley tomorrow. The Minstermen will receive a minimum £200,000 whatever the result, and that could rise by an additional £500,000 should they prove victorious. "You are probably looking at a net profit of £200,000 for reaching Wembley and between £400,000 and £500,000 if you go on to win promotion because of the central funding and money towards the youth team you would receive. The financial incentives are obviously massive," York chairman Jason McGill told The Press.And McGill has already confirmed that finances raised on the day will be made available to manager Martin Foyle for team strengthening during the summer."Last season we invested the money in the team and that reaped its rewards," he added. "We would have to do the same again next season because this campaign and the previous one have shown that with a certain budget you will finish in a certain position if the money is spent wisely."Getting promoted also brings its own challenges. You could try and run the wage bill at Blue Square Premier level, but you would need to strengthen in certain areas."We would want to compete in League Two and not be fighting against relegation, as has been the case throughout the club`s history, bar a few enjoyable exceptions. We want to get out of that circle of being a bottom-half team and becoming a top-half outfit."