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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
1 Sheff Utd 27 17 5 5 56 21
2 Scunthorpe 27 16 7 4 55 27
3 Bolton 26 15 5 6 50 16
4 Bradford 27 11 12 4 45 11
5 Rochdale 26 14 3 9 45 9
6 Fleetwood 26 12 7 7 43 10
7 Southend 27 11 9 7 42 5
8 Millwall 26 11 6 9 39 2
9 Bristol Rovers 27 11 6 10 39 -1
10 Peterborough 25 10 8 7 38 8
11 Charlton 26 8 12 6 36 7
12 Wimbledon 26 9 9 8 36 5
13 Oxford 26 9 7 10 34 0
14 Walsall 26 8 10 8 34 -4
15 Port Vale 26 8 8 10 32 -10
16 Northampton 27 8 6 13 30 -7
17 Gillingham 26 8 6 12 30 -9
18 Swindon 27 7 8 12 29 -13
19 MK Dons 25 7 7 11 28 -5
20 Bury 28 7 5 16 26 -12
21 Shrewsbury 27 6 7 14 25 -14
22 Chesterfield 27 7 4 16 25 -17
23 Oldham 25 4 10 11 22 -14
24 Coventry 26 4 9 13 21 -15
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