Wages drive Scunthorpe losses

Scunthorpe United lost £83,000 a week in 2017/18. The main reason for Scunthorpe's losses were wages which were £152 for every £100 of income, way above the Uefa recommended level of 70 per cent.

Turnover increased very marginally at £4.18m. The loss for the financial year was £3.6m. The biggest income item was the league central distribution, up marginally at £1.43m. Gate receipts and ticket sales fell very slightly at £1.06m.

Player purchases were £10k and sales £350k.

Scunthorpe were dependent upon £9m of loans from parent co Coolsilk, who charged £200k interest on these.

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The Political Economy of Football V2

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