The league’s finances are guided by a plan, which normally lasts five years. The current plan was adopted for the 2013 season.
Compared to other leagues, we have low fees and correspondingly low prizes. We also pay a larger proportion of the income as honorariums. The plan aims to redress these imbalances in a progressive manner. The guideleines are:
In addition, it seeks to provide some consistency in the way prizes are calculated:
The plan specifies what the club fees should be each year. The actual income will depend on the numbers of teams in the league, and expenditure will also vary accordingly.
In this budget numbers are rounded, fees to the nearest pound and the prize fund and honorariums to the nearest £10. Sometimes this makes the jumps appear uneven, but these balance out over time.
|Club fee: evening team||£83||£87||£92||£96||£101||£106|
|Assumed number of evening teams||30||30||30||30||30||30|
|Club fee: vets team||£60||£63||£66||£69||£73||£77|
|Assumed number of vets teams||66||66||66||66||66||66|
|Prize fund ratio||50%||51%||52%||53%||55%||55%|
|Match Sec (17%)||£270||£270||£270||£270||£260||£280|
|Vets’ Sec (17%)||£270||£270||£270||£270||£260||£280|
|Vets’ Match Sec (17%)||£270||£270||£270||£270||£260||£280|
The guidelines are:
Based on these principles, a target prize fund can be converted to the awards for the individual cases.