I'm not suggesting that it's achievable for ALL clubs to break even, BUT, we are a big fish in a small pond and with our fan base we should be a lot better off that most of our League 2 compatriots. I will admit our lack of facilities does hold us back but I question if we use the facilities we do have to our full advantage.
The way I look at it is whatever the average is tends to be the benchmark for the trading conditions. The overwhelming majority of clubs in league 1 & 2 lose considerable sums. Morecambe as you point out are one of the better performers but their year on losses over the last 2 years on the published accounts are still around 400k per year. It’s a bit of an issue with me because I fear football will implode eventually in the lower divisions without a financial reset. Chances are if you operate within your means you rule out any sort of sustainable success and that can’t be right.