Yeovil Town turned a £449k operating loss in 2015/16 into an operating profit of £29k in 2016/17. 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.'
I used to see a lifelong Wolves fan for lunch once a month. He was approaching ninety, but still went to games. Sadly he passed away the other week. As football finance guru Kieran Maguire has noted, Wolves continue to be constrained by financial fair play rules. Radio 4 this morning described them as this year's 'crisis club' and the pessimists have certainly been piling in. Martin Samuel wrote sympathetically in the Sunday Times yesterday, saying that the Premier League drives talent away with regulatory red tape: 'Why could Al-Hilal sign Neves? Because Wolves needed the money. And why did Wolves need the money? Because the club had to comply with an artificial construct known as financial fair play. So Wolves are going skint, yes? No. There is no suggestion that Wolves are in financial trouble, only that they are failing to meet the rigours of FFP. Wolves’ owners appear to have the money to run the club, and invest in the club, and in fact came up with a pow
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