Burton Albion to announce increase in profits
Tue 6th Sep 2011 | Money & Finance
Burton Albion Football Club will announce a profit of £84,400 for the year ending May 31st 2011 at the annual shareholders meeting to take place on Monday 26th September at 7.30pm in the Tom Bradbury Lounge at the Pirelli Stadium.
This figure comes before depreciation and is compared with a profit of £54,310 before depreciation in the previous year. The Club has also seen a 33% increase in turnover for the same period.
Burton Albion Chairman Ben Robinson said, 'I'm pleased that the Club has made a profit before depreciation for the fourth year in succession. The turnover increased by 33% which is mainly due to an increase in funding that the Club has received from the Football League. The Club also received an extra £142,626 from the increase in the solidarity payment from the Premier League.'
After taking depreciation into account the current year ended in a loss of £71,442 against a loss of £108,848 in the previous year. Turnover for the year end was £2,523,242 compared with £1,892,984 for the previous year. The Club's fixed tangible assets as per the balance sheet amounts to £6,730,515.
The total wages were £2,165,087 compared to £1,525,839 in the previous year. The jump in wages included an additional 28% on the first team plus the cost of staffing and coaching for the Centre of Excellence and community initiatives.
The gate receipts for the 2010-11 league season fell by 12%, however the Club's FA Cup run meant that overall the gate receipts were slightly above the previous season.
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