UK time is: 04:21:55
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

Sheff Utd v Crewe (Team News) (Friday March 27 2015)

Clough On Crewe & Squad Management (Friday March 27 2015)

Collins Completes Port Vale Loan (Thursday March 26 2015)

No Risks Taken With Howard (Thursday March 26 2015)

Six Scholars Sign Pro Deals (Wednesday March 25 2015)

Audio - Scunthorpe Victory Reactions (Wednesday March 25 2015)

Sheff Utd 4-0 Scunthorpe (League 1) (Wednesday March 25 2015)

Archived Sheffield United Articles

List All Vital Blades Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Publishing Entire League Network of Sites

Vital Members League (view all)

1. BilboBlade 1

League Table (view table)

Team P W D L GD Pts
2. Preston 36 21 9 6 31 72
3. Swindon 37 21 7 9 26 70
4. MK Dons 38 20 9 9 36 69
5. Sheff Utd 38 17 10 11 12 61
6. Barnsley 38 16 7 15 1 55
7. Rochdale 37 16 5 16 13 53
8. Peterborough 37 16 5 16 -2 53

Breaking League News

Peterborough United v Coventry City
Coventry : 28/03/2015
Sheff Utd v Crewe (Team News)
Sheff Utd : 27/03/2015 19:26:01
Bristol City v Barnsley (Team News)
Barnsley : 27/03/2015 19:23:01
Cameron Belford Signs For Swindon Town
Swindon : 27/03/2015 17:32:00
Crewe ready for Blades test
Crewe : 27/03/2015 16:25:01

Current Site Poll (view all polls)

Scunthorpe MotM
Suggested By:  Site Staff
Turner 1%
Freeman 0%
Basham 12%
Brayford 0%
Harris 0%
Coutts 0%
Holt 0%
Baxter 12%
Flynn 75%
Davies 0%
Murphy 0%
Sub - McNulty 0%
Sub - Doyle 0%
Sub - Davies 0%