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Sheffield United reveal £5m profit

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Published Date: 25 November 2009
By Bob Westerdale
Sheffield United still have a budget "well in excess of the majority" of Championship rivals and have moved into the black with a profit of £5.7m in the last financial year, the club stated this afternoon.
In the previous year the Blades reported a loss of £6.3m.

Now, turnover at £32.1m. was slightly down(2008: £32.4m).

But bank debt relating to football now stands at £2.313m compared to £11.491m in 2008, said United.

Chairman Kevin McCabe sa
id: "The world has changed and in leading Sheffield United in these difficult economic times the ability to adapt to change is vital in order to maintain the safe running of our famous club.

"On the pitch last season we were still in with a chance of automatic promotion but, for the fourth time in the last 12 years, promotion back to the Premier League via the play-offs, eluded the Blades."

Looking ahead, Mr McCabe commented: "In simple terms, we must all pull together again in order to achieve our aim of getting back to where we belong.

"The playing squad has been strengthened in several key areas to accommodate our objectives for this season, adding quality to the first team in a manner to suit the need to steadily reduce the annual player wage bill.

"The parachute funding from the Premier League ceased at the end of last season and thus the management of the football team has to be achieved within its budget.

"But make no bones about it, the budget Sheffield United has is well in excess of the majority of our competitors in the Championship.

"Let's hope that United get the 'rub of the green' which, for whatever reason, so often seems to elude us as there is no one striving harder than Sheffield United to be back amongst the highest echelon of English football."

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  • Last Updated: 26 November 2009 7:20 AM
  • Source: n/a
  • Location: Sheffield
 
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teajayy1,

25/11/2009 18:03:31
That profit will be thanks to West Ham then I take it? Plus selling all your prized assets and NOT reinvesting into the team. McCabes hoping for luck then so that tells you he's not going to pump millions into the blunts.....LOL happy days!

Where's all the deluded blunts telling us how we made a loss and the big mighty blunts made £5 million.

You still 14th and your still not going up!!

UTO DWTB

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on the fells,

inthehills 25/11/2009 18:08:48
roll up, roll up, piggy, piggy, piggies. Yet again a Fowl is first to comment on the Blades.

LOL happy days, I assume you are referring to your league position, crowds and chairman who hasn't got two bob to rub together!!

Lets see who laughs longest in the January transfer window and at the end of the season. Division One here you come!!
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UTO1,

25/11/2009 19:24:51
Stick the dummy back in Fells.

Like what's been said before you saw fit to delete it (what's up the truth hurt eh?) the profit is from a) West Ham b) selling all your decent players and replacing them with mediocre ones.

Delete at will muppet......PS go take a look at our page about Strafford being reelected at our AGM theres more idiots from S2 on there than there is on your own pages....surprised you not one of them! MUG

No investment going on team building then I take it.

League position???? what is it with you blunts and the league position? Remember you just the 3 points above us not doing too well considering before the season started you were all saying you'd be going up....but hey your only 15 points behind the mighty newcastle, you can make that up...can't you? LOL

UTO
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tiger brown 69,

25/11/2009 20:04:18
UTO1, naughton/walker n 2/3 of beattie money was this financial year not last!! derr
5

on the fells,

inthehills 25/11/2009 20:26:59
UTO shut up you MUG I didn't delete anything. Again why are you lot ALWAYS on our stories?

I'll tell you what then if you don't like league position (which after all is what its all about isn't it?) lets try attendances shall we? Is there anything you want to be compared on that you can beat us at other than debt?

Small club, small crowds, big debt, going down LOL
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,

25/11/2009 20:55:01
Comment Reported Unsuitable By User
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WiseOwlS5,

Sheffield 25/11/2009 22:28:16
Fells/sbc - So much vitriol against an Owl fan, why not vent your rage on McC/KB, as at present there does`nt appear to be much money being spent on new players and loads of loanees instead.

Oh of course, I forgot it`s so easy to be spewing venom,instead of actually commenting on the story itself.

Who really cares about crowd sizes ?.

Surely you Blunts would be better served on supporting the team and concentrate on getting a play off spot ?.

UTO - WTID.
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floridablade,

26/11/2009 02:33:57
dimfowls5
Who cares about crowd sizes ? bragging rights thats what its all about isnt it, so you harp on about, lets put it simply the BLADES have better attendances more money and a better ground than wendy FACT, lets see what happens in Jan, oh yes guess you aint getting any prem players then. LOL.
True Blade
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The Fraudbusters,

Darnall boy 26/11/2009 08:38:41
"Who cares about crowd sizes?" peeps Wisefowl. Well, its all your chairman can think about. If "investors" are only interested about crowd sizes it might explain the lack of investors. Investment by March 31st said Strapon and we`re 4 weeks off Christmas. Its not gonna happen is it Wisefowl?.
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we'll be back,

26/11/2009 09:18:19
Bigger crowds, better league position, 'supposed' better ground...... last major honour- 1982 Div 4 champions! Well done SBC; you must bristle with pride!!
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