Walsall Announce Thirteenth Consecutive Annual Trading Profit Walsall Announce Thirteenth Consecutive Annual Trading Profit
Posted by: Bescot Banter

Walsall Announce Thirteenth Consecutive Annual Trading Profit

A statement released by Walsall Football Club confirms that the club has achieved a pre-tax profit, making it the thirteenth consecutive year without making a loss.
The financial statement reveals a trading profit for the year ended May 31, 2018 of £9,000, down over £206,000 when compared to the previous year, with borrowings reduced significantly by £279,000 during the financial year.

The report also revealed that matchday receipts are up by around £10,000 to £1,091,000 when compared to the £1,081,000 the club achieved in 2017.

Annual rent of Banks's Stadium, the club's Essington Training Ground, overflow car park and machinery has remained steady at £449,000, while overall debt has decreased year-on-year.

It has also been confirmed that Cyprus international striker Andreas Makris, who joined the club from Anorthosis Famagusta for £175,000, was sold to APOEL Nicosia for £110,000 after failing to find form in the Saddlers' starting-eleven.

As of 31st May 2018 Walsall FC employed a total of 136 people, up from 128 the previous year, with 90 of them being part of the club's playing and coaching staff, which sees the club spending £3,100,000 on wages.

While the most recently available figures showed that the debt owed to club Chairman Jeff Bonser stood at £1,111,153 for the previous financial year, with the long-standing chair receiving £288,000 during the financial year.

In a statement, released via the club's official website - Saddlers.co.uk - Chairman Jeff Bonser hailed the latest results, he said; "For the 13th consecutive year I am able to announce a trading profit, this time of £9,000 (2017 - £215,000).  Furthermore, our borrowings reduced significantly by £279,000 during the year."
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