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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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1 Sheff Utd 38 23 9 6 78 30
2 Bolton 38 21 9 8 72 26
3 Fleetwood 38 19 11 8 68 19
4 Bradford 39 16 18 5 66 16
5 Scunthorpe 39 18 10 11 64 20
6 Southend 38 16 12 10 60 11
7 Millwall 37 16 12 9 60 9
8 Bristol Rovers 39 15 12 12 57 0
9 Oxford 38 16 7 15 55 5
10 Rochdale 37 15 9 13 54 4
11 Walsall 39 13 14 12 53 -2
12 Peterborough 39 14 10 15 52 0
13 Wimbledon 38 12 15 11 51 3
14 Northampton 39 14 7 18 49 -6
15 Charlton 39 10 17 12 47 3
16 MK Dons 38 12 11 15 47 -1
17 Bury 39 12 9 18 45 -7
18 Gillingham 39 11 12 16 45 -16
19 Oldham 39 10 14 15 44 -12
20 Shrewsbury 38 11 10 17 43 -12
21 Port Vale 37 10 11 16 41 -17
22 Swindon 39 9 9 21 36 -19
23 Chesterfield 39 8 9 22 33 -26
24 Coventry 39 6 11 22 29 -28
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