Vital Football

Latest Scunthorpe United News

Record loss for Scunthorpe

Record loss for Scunthorpe

Scunthorpe have revealed record losses of almost £2m for the last financial year, ending June 30th 2012.

Steve Wharton, as he told the official website, had forecast losses but they proved to be worse than he feared: 'The drop in total income which I predicted in my last year`s report at £4-million in fact became £4.5 million and we were only able to reduce our costs by circa £2-million.'

Running costs might have eased in the past year but the turnover has also dropped, with dwindling crowds doing little to help.

It goes without saying that a turnaround in financial fortunes is needed, with general manager David Beeby adding: 'Clearly this kind of loss is not sustainable. it is therefore important that the club gets back to a position where it is not running up debt.

'We were able to reduce wages from £5.5-million to £3.7-million, but when turnover`s £3.2-million, your wages shouldn`t be as high as £3.7-million.

'We have to continue to work hard to get costs down to an affordable level to ensure the club stays on a sound financial footing.'

It's been difficult times for The Iron, on and off the pitch, recently and this is likely to continue...

Apply To Be A Site Editor



Click here to join in the debate on the club forum.

Writer:Site Staff
Date:Thursday November 15 2012
Time: 2:57PM

Best of Vital Network

Vital Boxing - Joshua v Klitschko?

Login to post a comment

Recent Scunthorpe United Articles

Football League Rule Out B Teams (23/9/16)

The Football League, or EFL for those who like pointless rebrands, have now compiled the initial responses from the 72 clubs under their umbrella...

Mirfin In Team Of The Week (20/9/16)

Scunthorpe United are represented in the latest Football League team of the week that has been selected after this week's action.

EFL Trophy & Whole Game Solution Update

With the attempt to revive the EFL Trophy by changing the format and introducing Academy sides into the competition...

Disabled Access Issues For Seven?

In September 2015, the Premier League made a promise to ensure that all member clubs would make their home grounds fully compliant with the Accessible Stadia Guide by August 2017.

Archived Vital Scunthorpe Articles

Vital Scunthorpe articles from

Site Journalists

Write for Vital Scunthorpe
Write For Vital Scunthorpe
Apply Here

Current Poll (see more polls)

Scunthorpe v Gillingham
Suggested By:
Scunthorpe win80%
Gillingham win10%
Draw10%

League Table

# Team P W D L Pts. GD
1 Scunthorpe 9 5 3 1 18 11
2 Bury 9 5 2 2 17 6
3 Bolton 9 4 4 1 16 3
4 Bradford 9 3 6 0 15 4
5 Northampton 9 3 5 1 14 5
6 Port Vale 9 4 2 3 14 1
7 Sheff Utd 9 4 2 3 14 -1
8 Gillingham 9 4 2 3 14 -2
9 Bristol Rovers 9 3 4 2 13 0
10 Peterborough 9 3 3 3 12 4
11 Fleetwood 9 3 3 3 12 1
12 MK Dons 9 3 3 3 12 1
13 Oxford 9 3 3 3 12 0
14 Millwall 9 3 3 3 12 -1
15 Chesterfield 9 3 2 4 11 1
16 Charlton 9 2 5 2 11 1
17 Swindon 9 3 2 4 11 -2
18 Walsall 9 2 4 3 10 -2
19 Rochdale 9 2 3 4 9 -2
20 Wimbledon 9 2 3 4 9 -3
21 Shrewsbury 9 2 2 5 8 -5
22 Oldham 9 1 5 3 8 -5
23 Southend 9 2 2 5 8 -9
24 Coventry 9 0 5 4 5 -6
Latest F1 News
Latest Vital Boxing News

Recent Scunthorpe United  Results (view all)

Scunthorpe United  Fixtures (view all)

Sep 27 2016 7:45PM : Walsall (a)
Sky Bet League One
Oct 1 2016 3:00PM : Bury (a)
Sky Bet League One
Oct 8 2016 3:00PM : Northampton Town (H)
Sky Bet League One
Oct 15 2016 3:00PM : Milton Keynes Dons (H)
Sky Bet League One
Oct 18 2016 7:45PM : Oldham Athletic (a)
Sky Bet League One
Oct 22 2016 3:00PM : Chesterfield (a)
Sky Bet League One