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Retained loss for Blades

Retained loss for Blades

A retained loss of £13m has been recorded by Sheffield United for a second year running.

Continued participation in league one isn't doing much to help The Blades' financial position so the sooner they can gain promotion the better!

Sheffield United plc chairman Kevin McCabe, as he told the official website, said: 'The financial impact of a season back in League One is self-evident, reinforcing the need to move forward as a financially sustainable organisation still having clear aims and objectives of playing football in the higher echelons of the English league pyramid.

'On the playing side the transition to recruit younger players on wages the club is structured to afford is well under way, also enabling us to comply with new Football League financial control mechanisms - the Salary Cost Management Protocol. In simple terms, driven by Football League enforced regulations, this club, like any other in Leagues One and Two, will now only recruit players its revenues can support.

'The focus going forward will be to develop and grow a high-performing player talent base, maintaining a sustainable business where we can see a maximum return on our assets and ensuring we are a true family and community club.'

Turnover fell by £4.1m to £10.2m in the year ending June 2012, player trading to a profit of £1.6m helped offset interest costs of £2.6m.

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Writer:Site Staff
Date:Thursday November 22 2012
Time: 11:05AM

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# Team P W D L Pts. GD
C Sheff Utd 45 29 10 6 97 44
2 Bolton 45 24 11 10 83 28
3 Fleetwood 45 23 12 10 81 21
4 Scunthorpe 45 23 10 12 79 24
5 Bradford 45 20 18 7 78 19
6 Millwall 45 19 13 13 70 8
7 Southend 45 19 12 14 69 16
8 Rochdale 45 19 11 15 68 9
9 Oxford 45 19 9 17 66 11
10 Bristol Rovers 45 18 12 15 66 -1
11 Peterborough 45 17 11 17 62 3
12 MK Dons 45 15 13 17 58 -1
13 Walsall 44 14 16 14 58 -3
14 Charlton 45 13 18 14 57 4
15 Wimbledon 45 13 17 15 56 -3
16 Northampton 45 14 10 21 52 -13
17 Oldham 45 12 16 17 52 -13
18 Shrewsbury 45 13 12 20 51 -15
19 Bury 45 13 11 21 50 -11
20 Gillingham 45 12 13 20 49 -20
21 Port Vale 44 11 12 21 45 -25
R Swindon 45 11 11 23 44 -19
R Coventry 45 9 12 24 39 -29
R Chesterfield 45 9 10 26 37 -34
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