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New Scunthorpe boss Brian Laws is hoping he can do his bit on the pitch to help ease the financial pressure on the League One club.
After announcing Laws as a replacement for outgoing manager Alan Knill on Monday, Iron chairman Steve Wharton confirmed he would be stepping down at the end of the season.
Wharton revealed the North Lincolnshire outfit had lost a substantial amount of money over the past 12 months and would do so again this year.
He went on to add that a loan was in place ensuring Scunthorpe would hopefully be on sound financial ground come his departure, before planning for the future without him.
Asked if the club's finances are a concern, Laws said: "Of course it is. The financial situation is deep trouble.
"The only way we can ease that situation is by getting bums back on seats to come and watch a team who are changing not only the mentality but also the style from which they've been losing games. We've got to change that into a positive style.
"As I say, it's not going to be easy but these are the things that we can help ease the financial burden on the football club."