Preston North End chairman Craig Hemmings has provided a lengthy update to supporters following unrest amongst the fanbase.
"The budget for each football season is set between the Hemmings family and the management of PNE. The budget is agreed well in advance of a new season beginning to allow the executives in charge of day to day operations the ability to plan well in advance.
“Would the football management team and the executive want to have a bigger budget? I’m sure that they would but to continually increase the financial deficit that the Hemmings family face is not an option. "Towards this we receive approximately £2.3m from season tickets and a further £7.3m in total from the EFL and Premier League. After other income streams, that leaves my family with an annual shortfall of around £12m which we have to put into the club each season.
“Whilst I was born and brought up in Preston and I am proud of the state of the club under my family’s custodianship, we will never stand in the way if anyone approaches us and can demonstrate the financial resources to take us to the next step.
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