Yeovil Town post profit following off pitch turnaround of club finances.
Yeovil Town Football Club has posted an operational surplus of £28,350 for the year ending June 2017 according to the latest accounts released today (9th April, 2018).
The results show a turnaround in fortunes off the pitch for EFL League Two side who currently sit in 18th place, having posted a loss of over £450,000 the year previously.
Commenting on the 2016/17 financial results, Chairman John Fry said: “In an age where many clubs make significant losses or operate in an unsustainable way, we have taken steps not only to manage the club’s finances responsibly but also to reinvest wisely when extra income is generated.
“This surplus, plus the recent signings, have been made as a result of our cup run income and underlines our intent to start climbing the EFL ladder.
“It is not easy operating any EFL side on a sustainable basis so the sound financial footing we are on is a credit to all involved with the club, especially manager Darren Way who has assembled a side that often overachieves against clubs with far bigger playing budgets.”
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