UK time is: 11:11:08
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

The Journalist

Writer: Site Staff Mail feedback, articles or suggestions

Date:Thursday November 15 2012

Time: 2:57PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Articles

Experience key for Wilcox (Wednesday April 16 2014)

Russ hails Collins return (Thursday April 3 2014)

Iron wait on McSheffrey scan (Tuesday April 1 2014)

Stats: Scunthorpe v Wycombe (Saturday March 29 2014)

Stats: Plymouth v Scunthorpe (Saturday March 15 2014)

Wilcox bids to manage expectations (Wednesday February 26 2014)

Archived Articles

List All Vital Scunthorpe Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

League Results (view all)

League Table (view table)

Team P W D L GD Pts
1. Scunthorpe 42 19 19 4 +25 76
2. Rochdale 42 22 9 11 +22 75
3. Chesterfield 42 20 14 8 +27 74
4. Fleetwood 42 20 9 13 +13 69
5. Burton 42 18 14 10 +5 68
6. Southend 42 16 14 12 +12 62
7. Oxford 42 16 14 12 +8 62

Breaking League News

A mini Pompey wrap
Portsmouth : 17/04/2014 09:29:00
On this day in history...17th April
Portsmouth : 17/04/2014 07:00:00
Better Squad And Better Belief
Northampton : 16/04/2014 21:22:00
Striker Fancies Himself For Goals
Northampton : 16/04/2014 21:20:00
More Of The Same
Morecambe : 16/04/2014 21:19:00
Left-Back Out For The Season
Burton : 16/04/2014 21:16:00
Coker Delighted With New Deal
Southend : 16/04/2014 20:36:00

Current Site Poll (view all polls)

Wycombe MotM
Suggested By:  Site Staff
Slocombe 0%
Nolan 0%
Williams 0%
McAllister 0%
Mirfin 0%
Canavan 0%
Hawkridge 0%
Syers 0%
Madden 0%
Winnall 0%
McSheffrey 0%
Sub:-Hayes 0%
Sub:-Sparrow 0%
Sub:-Adelakun 0%