Football

Wednesday reveal profit

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Football News
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Sheffield Wednesday's board of directors have announced a profit for the second successive year.

The accounts for the year ending May 31 show an operating loss of £162,000 and a profit before interest and taxation of £3.11 million, in large part due to the sales of Chris Brunt and Glenn Whelan to West Brom and Stoke respectively.

The club, whose debt now stands at £24million, have also confirmed "communication with credible potential investors continues" following the apparent collapse of the proposed takeover by the Geoff Sheard consortium.

A club statement said: "It is interesting to note that we are one of only a handful in the Championship to have made a profit in recent times. Turnover is up nearly 9% to £12.32 million with match receipts and associated turnover increased nearly 18% to £6.83 million."

The statement added: "The board has not received a bona fide, firm offer capable of being put to shareholders.

"Communication with credible potential investors continues. As these accounts show, the club is in a sound financial position, so we will continue to work with our advisors to find the right custodians to take this great club forward."

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Topics:
West Bromwich Albion
Sheffield Wednesday
Stoke City
Football
Chris Brunt
Championship
Glenn Whelan

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