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Iron run up loss to win promotion
Published: 30 Jun 2009 - 08:15:49
Scunthorpe United have revealed they planned to run at a loss in a gamble to gain promotion to the Championship. In a statement on the club's website, chairman Steve Wharton said that United budgeted to lose £750,000 in order to win promotion from League One. "Winning promotion means higher income from the Football League television deal," said Wharton. "In addition we expect to generate extra income through our commercial activity and increased gate revenue." Wharton added that a.... read more
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