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Grimsby lose nearly £1m

Grimsby Town publish 2021/22 accounts, reports Kieran Maguire. Figures don't tie in the previous year as club have remapped some numbers (nothing wrong with that). Turnover up 44% Wages up 25%. Went from £204k profit to £930k loss.  Owners put in a lot of money.

Maguire notes: 'Getting promoted is a great event, but is expensive too, as Grimsby had biggest loss in a decade. Shows that the National League is a challenging division, especially with so many former EFL clubs in the competition.'

For the fifth consecutive season Grimsby did not sign any players for fees.

Grimsby owners lend the club £1.5 million interest free in 2021/22. Over £1.1m of loans were repaid.

Presumably their FA Cup run will boost their finances this year.

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