The club have now filed accounts for year ended 30th June 2007.
The headline number is that the club lost £2.9 million compared with a loss of £253k in year ended 30th June 2006.
The main differences from the previous year can be summarised as :
Decrease in Gate Receipts - £208k
Decrease in Football League Distribution - £756k (due to relegation)
Decrease in TV revenue - £40k
Decrease in income from Player Transfers - £1,715k - (£410k compared to £2,125k)
Wages and Salaries reduced by £292k (£3.6m compared with £3.3m in previous year)
It appears that the loss has been mainly funded by the issue of £1.4 m of new shares in the Holding Company which has been loaned to the club, and an additional £1.6 m of interest free loans secured by the club - presumably from shareholders and associates.
Congratulations to Dick Knight and the Board for continuing to secure the funding to keep the club running; and a big thank you to those shareholders who are providing the cash!
The headline number is that the club lost £2.9 million compared with a loss of £253k in year ended 30th June 2006.
The main differences from the previous year can be summarised as :
Decrease in Gate Receipts - £208k
Decrease in Football League Distribution - £756k (due to relegation)
Decrease in TV revenue - £40k
Decrease in income from Player Transfers - £1,715k - (£410k compared to £2,125k)
Wages and Salaries reduced by £292k (£3.6m compared with £3.3m in previous year)
It appears that the loss has been mainly funded by the issue of £1.4 m of new shares in the Holding Company which has been loaned to the club, and an additional £1.6 m of interest free loans secured by the club - presumably from shareholders and associates.
Congratulations to Dick Knight and the Board for continuing to secure the funding to keep the club running; and a big thank you to those shareholders who are providing the cash!