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Thursday, February 26, 2009

Tiny Profit for Shrewsbury Town

Shrewsbury Town have reported a profit of just £1,800 for the year ended June 30th 2008.

Their turnover was £4.32M which was up from £2.38M the previous season.

The gross profit was £546,502. However with administrative expenses of £641,468, the operating loss was £94,966. Interest received totalled £97,659 which left the club with a small profit.

Staff costs during the year totalled about £2.48 million – compared with £1.58 the previous year.

Next month Hereford United will publish their figures for the year ended last May. They are also expected to show a profit albeit somewhat higher than their neighbours up the A49.