Match receipts netted £3,3m with commercial activities £4.4m as well as £84,596 forcatering. Wages and salaries,social security costs and other pensions costs amounted to £8,968,081 for 76 players,59 admin staff and 260 stewards.
Sky Blues Announce Loss
Match receipts netted £3,3m with commercial activities £4.4m as well as £84,596 forcatering. Wages and salaries,social security costs and other pensions costs amounted to £8,968,081 for 76 players,59 admin staff and 260 stewards.
The good news is that the club has sufficent finance in order to be able to continue in business for another twelve months after a £10m loan by the bank was taken over by Craigavon Limited who have provided a guarantee that the loan will not now be repayable until May 31 2008 at the earliest.
Loans also made by Mike McGinnity,Sir Derek Higgs and Geoffrey Robinson will not be repayable until the same date.
Loans also made by Mike McGinnity,Sir Derek Higgs and Geoffrey Robinson will not be repayable until the same date.
The Accounts will be put to shareholders at the club's AGM on November 19th at Highfield Road.