PROFIT FOR THE GLOVERS

Encouraging financial news for Yeovil Town...

YEOVIL Town Football Club has confirmed that it made an operational surplus of £28,350 for the year ending June 2017.

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.”

This article first appeared in the Independent. To get the latest articles when they appear, buy the print edition every Sunday or subscribe to our online edition HERE.