UK time is: 11:13:47
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

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.

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 22 2012

Time: 11:05AM

 

Have Your Say

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

Recent Sheffield United Articles

Stats: Preston v Sheff Utd (Saturday August 30 2014)

Toughest Test Yet For Clough (Friday August 29 2014)

Team News Preston v Sheffield United (Friday August 29 2014)

Blades Travel To Orient (Thursday August 28 2014)

Clough Couldn't Have Been More Pleased (Wednesday August 27 2014)

Cracking Result!! (Wednesday August 27 2014)

Line Drawn Under Tevez Saga (Wednesday August 27 2014)

Stats: West Ham v Sheff U (Tuesday August 26 2014)

Clough - Keep Our Belief (Tuesday August 26 2014)

Archived Sheffield United Articles

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

Vital Members League (view all)

League Results (view all)

League Table (view table)

Team P W D L GD Pts
9. Bristol City 4 2 2 0 2 8
10. Notts County 4 2 1 1 2 7
11. Doncaster 5 2 1 2 0 7
12. Sheff Utd 5 2 1 2 0 7
13. Gillingham 5 2 1 2 -1 7
14. Leyton Orient 5 1 3 1 1 6
15. Coventry 5 1 3 1 0 6

Breaking League News

Leyton Orient : 31/08/2014 10:48:00
Bradford : 31/08/2014 10:43:00
O's Share The Points With Fleetwood
Leyton Orient : 31/08/2014 10:39:00
Gillingham : 31/08/2014 10:34:00
DRFC Dickov - We have to do better
Doncaster : 31/08/2014 10:22:00

Current Site Poll (view all polls)

Preston MotM
Suggested By:  Site Staff
Howard 0%
Davies 0%
McEveley 0%
Basham 0%
Collins 0%
McGahey 0%
Campbell-Ryce 0%
Doyle 0%
Higdon 0%
Baxter 0%
Murphy 0%
Sub:-Harris 0%
Sub:-McNulty 0%
Sub:-Wallace 0%