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

Login to post a comment

Best of Vital Network

Vital Boxing - Bellew Lets Rip at Haye

Recent Scunthorpe United Articles

More Reliable Than A League 1 Octopus? (22/2/17)

Time for the new special computer that crunches the numbers to determine the final League One positions for 2016/17.

Who Serves A Suspension This Week - 22/2/17

Here's a list of all the players currently serving, or under a suspension at the beginning of the week that will potentially keep them out of contention...

Football League - Fixture Day & 2017/18 Key Dates

The Football League have released the key dates for the coming 2017/18 season, and the all important fixtures will be released on Wednesday June 21 at 9am.

Daniels In Team Of Midweek (17/2/17)

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

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 win75%
Gillingham win17%
Draw8%

League Table

# Team P W D L Pts. GD
1 Sheff Utd 34 20 8 6 68 26
2 Scunthorpe 33 17 10 6 61 25
3 Fleetwood 34 17 10 7 61 18
4 Bolton 32 17 7 8 58 17
5 Bradford 34 13 16 5 55 12
6 Southend 34 14 11 9 53 10
7 Millwall 33 14 10 9 52 7
8 Peterborough 34 14 8 12 50 3
9 Oxford 32 14 7 11 49 9
10 Rochdale 32 14 6 12 48 2
11 Bristol Rovers 34 12 11 11 47 -2
12 Walsall 34 11 13 10 46 -3
13 Wimbledon 33 10 13 10 43 1
14 Charlton 33 9 15 9 42 5
15 MK Dons 33 11 9 13 42 1
16 Northampton 34 11 7 16 40 -7
17 Gillingham 34 9 12 13 39 -9
18 Shrewsbury 34 10 8 16 38 -12
19 Bury 34 10 7 17 37 -10
20 Oldham 34 8 12 14 36 -12
21 Port Vale 32 8 10 14 34 -17
22 Swindon 34 8 9 17 33 -16
23 Chesterfield 34 7 7 20 28 -25
24 Coventry 33 5 10 18 25 -23
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Scunthorpe United  Results (view all)

Scunthorpe United  Fixtures (view all)

Feb 28 2017 7:45PM : AFC Wimbledon (H)
Sky Bet League One
Mar 4 2017 3:00PM : Fleetwood Town (H)
Sky Bet League One
Mar 7 2017 7:45PM : Charlton Athletic (a)
Sky Bet League One
Mar 11 2017 3:00PM : Gillingham (a)
Sky Bet League One
Mar 14 2017 7:45PM : Rochdale (H)
Sky Bet League One
Mar 18 2017 3:00PM : Oxford United (a)
Sky Bet League One
Write for Vital Football