Scunthorpe have announced they made a loss of just over £1million for the financial year ending June 30 2009.
The actual loss for the time period was £1,059,029, compared to a profit of £2,118,115 in the previous year. But chairman Steve Wharton claims the figures are slightly misleading as the 2008 profit takes into account the sale of Martin Paterson to Burnley.
He said: "Whilst this may seem excessive, it has to be remembered the sale of Martin Paterson was brought into the previous year's accounts as the sale took place just days before the end of our accounting year."
Copyright (c) PA Sport 2009, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms