|
Register |
Season Two Episode Threads: S2E1 Welcome Back / S2E2 Quiet Zone / S2E3 Nott Yet / S2E4 Shaun's Vacation / S2E5 First Losers / S2E6 Ballers / S2E7 Giant Killers / S2E8 The Grind / S2E9 Glove Triangle / S2E10 Gresford / S2E11 Yn Codi / S2E12 Hand of Foz / S2E13 Family Business / S2E14 Worst Case Scenario / S2E15 Up The Town?/ |
Wrexham Talk about things related to Wrexham Football Club ! |
|
LinkBack | Thread Tools |
29th March 2018, 15.05:22 | #1-0 (permalink) |
Taking coaching badges
|
Wrexham AFC Post Another Profit Under Fan Ownership - Accounts Season 2016-17
Wrexham AFC are pleased to release our report of directors and audited financial statements for season 2016/17. The performance of the business resulted in turnover increasing from £2.1 million to £2.6 million, and returning a profit before depreciation and amortisation of £150,000 against a budgeted loss of £70,000, the second profit posted in the last three financial years. The financial statements also mark the first year where we have assumed operational control of the Racecourse Ground and therefore additional revenue and expenditure items are reported, including an increase in the number of employees. The club did benefit from transfer fee income and these have been recorded in the profit and loss account at their full value, but supporters will notice the increase in trade debtors on the balance sheet, and this reflects that part of the payment of the transfer fee income not due until the current financial year. This, along with additional stadium income towards the end of the Financial Year, allowed the club to prepare for the current campaign, where we sit in a healthy fourth position ahead of a busy Easter weekend of fixtures. Investments in the football club by supporters continued to increase and with the 'Build the Budget' initiative, the total amount invested is now above £1 million after six full years of supporter ownership. A full presentation of the financial statements will take place alongside and the Annual General Meeting, to be held on Thursday 12th April, together with a trading update on the current season. All paid up club members are entitled to attend the meeting, to be held at the Centenary Club, commencing 7.30pm. The AGM will also include a presentation of the financial statements of WST Assets, the sister company of Wrexham AFC and the holder of the 99-year lease on the Racecourse. |
29th March 2018, 15.09:51 | #2-0 (permalink) |
Cult Hero
|
Re: Wrexham AFC Post Another Profit Under Fan Ownership - Accounts Season 2016-17
Well done to all involved running this club behind the scenes. You're doing a fantastic job and don't get anything like the credit you deserve. You just have to look at our near neighbours to see how hard running a football club is, never mind turning a healthy profit.
I won't be too harsh, as I don't like to speak ill of the dead, but it makes me think of how wrong Stephanie Booth was in those immortal words "It will be the fans that kill this club". |
29th March 2018, 15.31:34 | #7-0 (permalink) |
Taking coaching badges
|
Re: Wrexham AFC Post Another Profit Under Fan Ownership - Accounts Season 2016-17
I wonder how many other football clubs at our level are profitable? I'd imagine I could count the number on one hand. This is pretty miraculous and I have huge admiration and respect for the people running the club.
|
29th March 2018, 15.33:37 | #8-0 (permalink) | |
Cult Hero
|
Re: Wrexham AFC Post Another Profit Under Fan Ownership - Accounts Season 2016-17
Quote:
|
|
|
Season 1 Episode Threads: S1E1 Dream / S1E2 Reality / S1E3 Rebuilding / S1E4 Home Opener / S1E5 Fearless / S1E6 Hamilton! / S1E7 Wide World of Wales / S1E8 Away We Go / S1E9 Welcome Home / S1E10 Hooligans / S1E11 Sack the Gaffer / S1E12 Wins and Losses / S1E13 Worst Team in the League / S1E14 A Hollywood Distraction / S1E15 Daggers / S1E16 Hello Wembley / S1E17 Wromance / S1E18 Do or Die | |