Blades post impressive figures

Published: 25 Nov 2009 - 16:02:00

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The figures represent a dramatic improvement for the Blades who had posted a loss of £6.3million for the previous financial year in 2008. Despite a small reduction in turnover, one of the major reasons for United's improved figures was a reduction in bank debt from £11.491m to £2.313m "The world has changed and in leading Sheffield United in these difficult economic times the ability to adapt to change is vital in order to maintain the safe running of our famous club," said chairman Kevin McCabe. "On the pitch last season we were still in with a chance of automatic promotion but, for the fourth time in the last 12 years, promotion back to the Premier League via the play-offs, eluded the Blades. "In simple terms, we must all pull together again in order to achieve our aim of getting back to where we belong. The playing squad has been strengthened in several key areas to accommodate our objectives for this season, adding quality to the first team in a manner to suit the need to steadily reduce the annual player wage bill."