Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Carlisle United Post Disappointing Set Of Financial Results

Fri 7th Nov 2014 | Money & Finance

Carlisle United have said they are disappointed with their latest set of accounts posted today.

The Sky Bet League Two club’s total income for the year stood at £3.55m, in line with the previous year, with small movements between different aspects which reflected a better FA Cup run but poorer programme sales and reduced hospitality income.

Expenditure was reduced by £291,000 from the previous year, despite a small increase in loan player fees to £87,037.

Following season 2012/13 Carlisle continued with its ‘cost improvement programme’ in order to reduce the overall losses at the club. Season 2012/13 had losses of £528,403 before amortisation and depreciation and £666,257 total loss, with a reduction in net assets to £2.45m.

In the last twelve months of trading the loss had been reduced to £234,519 before amortisation and depreciation and £369,440 total loss. Net assets are now at £2.08m.

The relegation from League 1 to League 2 will have a considerable affect on the forthcoming year as ‘guaranteed income' falls by some £286,000.

Managing director John Nixon said: “The results were not at the ‘cash neutral’ state that was planned for the year and, as such, were disappointing. 

“However, after management changes the directors backed the new regime financially in an attempt to avoid relegation from League 1, albeit this was subsequently not successful.”

Image: Action Images / Ed Sykes 

Posted by: Aaron Gourley 

Icondia (Icondia-C-468x60.gif)
 
RETURN TO LATEST NEWS SECTION
SUBSCRIBE TO THE FCBUSINESS RSS FEED
 
If you have any football business related news stories you’d like to share then please contact us –
agourley@fcbusiness.co.uk  

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Premier League Revenues Grow But Losses Return

Thu 20th Apr 2017 | Money & Finance

Premier League clubs’ revenues increased to a new record of £3.6bn in 2015/16, according to Deloitte, the business advisory firm. Analysis of the financial results of Premier League clubs...

7 Tips From The Best Online Football Merchandise Stores

Thu 13th Apr 2017 | Money & Finance

CEO, Lewis Holland and the team at DiscountIF team have been studying various merchandise stores of football clubs in the UK. This article was originally posted here. We’ve compiled a short list...

Newcastle United Posts Profit As Turnover Falls

Thu 6th Apr 2017 | Money & Finance

Championship table toppers, Newcastle United have posted a profit of £4.6m for the year ending June 2016. However, the profit after tax for the year of £4.6m was down from the £32.5m...

Newcastle & Brighton: Who's Really Top Of The Championship?

Thu 30th Mar 2017 | Money & Finance

The following is a guest post by CEO of DiscountIF , Lewis Holland. He and the team at DiscountIF have continued to analyse the merchandise space and identify who’s doing their job well and who...