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Grimsby Town return to profit

Fifteen years ago Grimsby Town were in dire financial trouble with £2m of historic debt and the club's existence threatened. The latest financial results show a profit of £1m after the return to the Football League. Turnover was up £600k to £3.26m: Grimsby Town

The club also generated additional income from ‘playing trading activities’ – the most notable of which being Omar Bogle’s move to Wigan Athletic for an undisclosed fee – thought to be around £1-million.

The club has cleared an outstanding bank loan of £300,000.

A move to a new purpose-built community stadium is seen as key to securing the club's future. Director John Fenty told the Grimsby Telegraph: 'For the long-term future of the club, relocation remains a priority. Our home at Blundell Park is still fit for purpose; we must stress that. We must also point out that we continue to pass all of the necessary checks.'

'But this [financial report] only strengthens what we are trying to work towards, and that is a multi-purpose, multi-million pound stadium that will also bring much-needed affordable housing to the area. As with anything, there are knocks and setbacks along the way, but the developer remains buoyed-up and we are confident of delivering hugely positive news.'

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