Grimsby's financial situation sound

Grimsby Town have published their accounts for 2018/19. Income up 12% mainly due to broadcast revenue. Profit made due to player sale/loan income of £176k. Grimsby spent £46,600 on transfer fees in 2018/19.

The wage bill was up five per cent to £2.77m.

Grimsby’s main creditor is owner John Fenty. Club repaid £250k of loan in 18/19 following £200k previous year to reduce loan to £1.55 million.

Grimsby total losses over the years just under £3m. The club is technically insolvent but not an issue whilst directors continue to back it. The Aaditors seem happy with this. The club is more or less cash generation neutral.

Grimsby are committed to spending a further £107k on new ground plans.

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