Vital Football

Latest Yeovil Town News

2012-13 Accounts Reflect Squad Investment

2012-13 Accounts Reflect Squad Investment

The annual accounts for the year ending June 2013 have now been released by Yeovil Town and show a loss of £454,000.

This is the first time in four years that Yeovil has posted a figure in the red.

The loss shown in the accounts is largely related to an increase in costs sustained by the club in trying to, and succeeding in, achieving Championship football last term such as investment in the playing squad, but also unfortunately reflects lower than expected revenue from our Wembley Play Off final.

Chairman John Fry told the Official Site that he felt the accounts 'vindicated' the board's decision to back manager Gary Johnson in the dream for promotion.

'During our 10th Anniversary Year in the Football League the club achieved its highest position in it's 188 year history through promotion to the Championship. When I first joined the YTFC board back in 1993 nobody believed that the Glovers could ever aspire to the top tier of the Football League. But we have, and now we must do our best to keep the dream alive against some of the 'giants' in English football.'

Fry goes on to say that what the club achieved last season in terms of promotion was nothing short of a 'miracle' given the applicable resources available, and even our additional investment in the playing squad and the costs associated with such are miniscule in comparison to most, if not all, League One colleagues.

This is again where the proposed development of the Huish Park site should come in to it's own in terms of providing the club with a stable, regular and alternative revenue stream, and Fry describes it as 'absolutely essential' for the club moving forward.

Join The Vital Debate



Click here to join in the debate on the club forum.

Writer:Huish1949
Date:Wednesday February 19 2014
Time: 6:53AM

Login to post a comment

Best of Vital Network

Vital Boxing - Whyte Wins on US Debut

Recent Yeovil Town Articles

Safe Standing - The Time For You To Act Is Now!

The EFL supports safe standing, the FA chairman wants it and the EPL clubs are discussing it. After many years of campaigning, we are almost at the point where...

Transfer Windows To End Early?

The Premier League and the EFL will both be seeking thoughts from member clubs on whether or not to close the summer transfer window before the season kicks off in coming years.

2017/18 Diving Ban Panel Announced

Following on from the news that the Football Association would look at retrospective action for diving this season...

EFL Introduces ABBA For 2017/18

The EFL yesterday confirmed that it would support the trial of the reformed ABBA penalty format for the new season.

Vital Glovers Social Media

Archived Vital Glovers Articles

Vital Glovers articles from

Site Journalists

Write for Vital Glovers
Write For Vital Glovers
Apply Here

Current Poll (see more polls)

Mansfield v Yeovil
Suggested By:
Yeovil win26%
Mansfield win60%
Draw14%
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Yeovil Town Results (view all)

Yeovil Town Fixtures (view all)

Vital Football Comment