Player Sales See Town Make Profit - Ipswich Town News
Town made a profit of £5.335 million in the financial year to June 30th after player trading - a total of £12.150 million including the the sales of Aaron Cresswell and Tyrone Mings - but made an operating loss of £6.140 million. The club’s overall debt rose from £86.008 million to £87.194 million.
The figures were revealed to shareholders at this evening’s PLC AGM in a sheet outlining the financial highlights for the year 2014/15. The PLC is made up of the pre-takeover shareholders and owns 12.5 per cent of the club with Marcus Evans owning the rest.
Wage costs were up from £13.90 million in 2013/14 to £15.97 million. Gate receipts were up to £6.500 million from £4.981 million in the previous year with season ticket sales up and the club having benefited from taking a share of the aggregated play-off gate receipts, while commercial income also rose from £3.892 million to £4.847 million.
Overall, turnover increased from £13.550 million in 2013/14 to £16.414 million.
A full AGM report will appear on TWTD later this evening.
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