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Newport County pledge to be prudent

The 2016/17 accounts for Newport County state, 'During the 2016/17 season, the Club experienced poor performances both on and off the field which have resulted in a loss for the year ending 30 June 2017. The Board have prepared financial forecasts for the year ended 30 June 2018 and following the successful FA Cup run and the likelihood of remaining in the Football League, the Board anticipate the Club will making a profit [in 2017/18].'

'The Board have prepared strict budgets for the 2018/19 season with a view to reducing unnecessary costs and increasing revenue streams into the Club.'

Turnover increased slightly from £2m to £2.3m. The operating loss was more or less steady at £370k, amounting to some £7k a week. Just £3.5k was spent on signing players.

Shareholders pumped in £236k in new shares to keep the club afloat. Overdrafts and loans from current and former directors amounted to £241k, the loans being interest free.

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