Blades reveal sharp profit
29 Mar 2007 - 10:32:37
Sheffield United's return to the Premiership has had a positive effect on the club's balance sheet as the Blades have announced profits totalling £2.6million for the last six months of 2006.
The Bramall Lane club returned to the top-flight for the first time since the 1993-94 season last summer and figures for the six months up to December 31 revealed a 27 per cent increase in turnover to £25.9million.
"The reshaping of Sheffield United has continued apace since our return to the Premier League," said United's executive chairman Kevin McCabe.
"Substantial sums have been utilised for team strengthening demonstrating our firm intention to remain in the top echelon of football.
"Assuming we achieve the goal of maintaining our status in the top league, then our next challenge is to provide football management with resources to deliver a first team capable of competing towards the higher end of the Premier League."
McCabe has also revealed the club are considering extending their Bramall Lane home.
He added: "With average attendances exceeding 30,000 per match, we are studying the benefits of redeveloping or extending the HallamFM Kop and or the Global Windows stand.
"Both options are likely to include complex construction projects that will be expensive and the feasibility of both options is being reviewed."