Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

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

How Football Clubs Source Their Revenue

Thu 22nd Jun 2017 | Money & Finance

It will come as a surprise to no one that football is big business these days. Although players’ wages – especially at the top teams – have increased remarkably, the clubs can pay...

“Why Does Your Club Offer Discounts?” 5 Responses

Tue 6th Jun 2017 | Money & Finance

Following my article last week on the 3 observations about discounts offered on football clubs’ merchandise stores ; I wanted to share some more insight in to the merchandise space. I’ve...

West Ham United announce record season ticket renewals

Thu 1st Jun 2017 | Money & Finance

West Ham United have announced a club record number of season ticket renewals for the 2017/18 Premier League campaign. At Wednesday's 5pm deadline, over 90% of the 52,000 season ticket holders at...

Footballers, their cars, and how many minutes of play it takes to pay for them

Thu 1st Jun 2017 | Money & Finance

Online used car dealership Carspring have researched the vehicles driven by more than 250 of the world’s leading football players. With this information, along with the estimated salaries of...