Club makes £821,934 loss.

17 March 2011 19:08
Yet again the clubs accounts have been late being published but the share holders have now recieved them and it paints a gloomy picture. The loss is  for upto the year ending 30th June 2010 and it shows that the club made a loss of £821,934 compared to a profit from the year before of £184,121 in 2009.With the accounts going upto the end of June the accounts would also include the transfer money we recieved from Derby for James Bailey and John Brayford and money from the Michael O'Connor to Scunthorpe for £225k.Another loss is expected for this current campaign with attendances down and less revenue coming through the turnstiles although the club is looking to ease this by reducing the wage bill.Also boss Dario Gradi earned £109,400 which is down from the previous year.

Source: FOOTYMAD